Business
Leading brokers name 3 ASX shares to sell today 8 December 2020
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 Macquarie, its analysts have downgraded this energy producer’s shares to an underperform rating and cut the price target on them to $3.40. This follows a downgrade to neutral just last month. The broker made the move on valuation grounds after a strong rally in its share price over the last few months. In addition to this, it has a few concerns over its Alaska operation. The Oil Search share price is trading at $3.75 this…
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