Business
Leading brokers name 3 ASX shares to sell today 30 March 2021
On Monday I looked at three ASX shares that brokers have given buy ratings to this week.
Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:
According to a note out of Morgan Stanley, its analysts have downgraded this retailer’s shares to an underweight rating with a reduced price target of $46.00. The broker made the move partly on valuation grounds after a strong gain took its shares close to all-time highs. In addition to this, Morgan Stanley has suggested investors be cautious when it comes to the household goods part of the retail sector. Particularly given how this area of the market…
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