Business
Top brokers name 3 ASX shares to sell today 21 January 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 Citi, its analysts have retained their sell rating and $60.50 price target on this health supplements company’s shares. While the broker believes that Blackmores’ earnings are likely to have bottomed in FY 2020, it is waiting for evidence of this before becoming more positive on the company. Especially given the difficulties it has been facing in the key China market. Citi appears concerned this could stifle its…
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