Top brokers name 3 ASX shares to sell today 12 November 2020 // Motley Fool Australia

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:

Commonwealth Bank of Australia (ASX: CBA)

According to a note out of the Macquarie equities desk, its analysts have retained their underperform rating but lifted the price target on this banking giant’s shares to $65.00. This follows the release of Commonwealth Bank’s first quarter update. While Macquarie found things to like in the update, it has concerns over the impact of low interest rates and competitive pressures on its future…