Business
Top brokers name 3 ASX shares to sell next week 6 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 UBS, its analysts have retained their sell rating and lowly $30.00 price target on this payments company’s shares. This follows the release of its trading update for the month of November. While UBS acknowledges that Afterpay had an impressive month in the United States and surpassed $1 billion in monthly underlying sales for the first time, it has concerns about management’s selective disclosures. It notes that there was no October sales…
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