Business
Top brokers name 3 ASX shares to sell next week 4 April 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 UBS, its analysts have retained their sell rating and $10.10 price target on this energy company’s shares. The broker notes that AGL plans to separate into two companies – New AGL and PrimeCo. While UBS believes New AGL will be a more ESG-friendly option for investors, it struggles to see the appeal of PrimeCo. This is due to the latter’s thermal coal assets. UBS also notes that the full details of the plan have yet to be released. The AGL…
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