Business
Top brokers name 3 ASX shares to sell next week 17 January 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:
According to a note out of Morgan Stanley, its analysts have retained their underweight rating and slashed the price target on this energy company’s shares to $10.68. The broker sees notable electricity price weakness ahead and expects the rise of renewable energy to weigh heavily on the company’s earnings in the coming years. The AGL Energy share price ended the week at $12.00.
Pact Group Holdings Ltd (ASX: PGH)
Another note out of Morgan Stanley reveals that its…
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