Business
Top brokers name 3 ASX shares to sell next week 21 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:
According to a note out of Macquarie, its analysts have downgraded this artificial intelligence services provider’s shares to an underperform rating and cut the price target on them to $19.00. The broker made the move amid concerns that Appen could be losing market share due to increased competition. It suspects this could lead to consensus downgrades once its challenging outlook is understood better by the market. The Appen share price ended the week at $21.60.
Bendigo…
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