Business
Top brokers name 3 ASX shares to sell next week 27 December 2020
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 but lifted the price target on this regional bank’s shares to $7.70. While the broker notes that the bank’s housing loan growth is well ahead of forecasts and that recent changes from APRA are favourable, it doesn’t believe its shares offer value for money at the current level. The broker prefers other options in the banking sector. The Bendigo and Adelaide Bank…
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