Business
Top brokers name 3 ASX shares to sell next week 14 February 2021
Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.
Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:
A note out of Citi reveals that its analysts have retained their sell rating and cut the price target on this infant formula company’s shares to $9.40. According to the note, the broker believes the tough trading conditions a2 Milk Company is facing will persist in the second half. In addition to this, the broker has concerns over increasing demand in China from domestic brands and structural pressures in the local market. The a2 Milk share price was fetching $9.96 at…
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