Business
Top brokers name 3 ASX shares to sell today 10 December 2020
On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.
Unfortunately, not all shares are in favour with them right now. Three ASX shares that have just been given sell ratings by brokers are listed below.
Here’s why these brokers are bearish on them:
According to a note out of Citi, its analysts have downgraded this iron ore producer’s shares to a sell rating but lifted the price target on them to $4.40. While the broker expects Champion Iron to benefit greatly from strong iron ore prices and has upgraded its earnings forecasts materially to reflect this, it isn’t a fan of its current valuation. Citi believes the strong gain in the Champion Iron share price has left its shares…
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