Business
Top brokers name 3 ASX shares to sell today 19 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:
According to a note out of Morgan Stanley, its analysts have retained their underweight rating and cut the price target on this stock exchange operator’s shares to $67.90. The broker has reduced its earnings estimates on the belief that the company will have to increase its operating expenses to ensure the stability of its trading systems. Particularly given the company’s plan to replace the CHESS distributed ledger in the coming years. In…
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