Business
Top brokers name 3 ASX shares to sell today 25 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 retained their underperform rating and cut the price target on this artificial intelligence data services company’s shares to $16.00. This follows the release of its FY 2020 results, which fell short of expectations. In addition, while not surprised, its guidance for FY 2021 was softer than Macquarie anticipated. It now has fears that pricing pressures could impact its earnings further…
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