Business
Top brokers name 3 ASX shares to sell today 18 February 2021
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 Macquarie, its analysts have downgraded this artificial intelligence services company’s shares to an underperform rating and slashed the price target on them to $19.00. The broker is concerned that increased competition is leading to a structural loss of market share. It also fears that as competition intensifies, pricing could become a lever to differentiate between solutions. As a result, it suspects that there is…
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