Business
Top brokers name 3 ASX shares to sell today 26 November 2020
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:
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)
According to a note out of Citi, its analysts have retained their sell rating but increased the price target on this medical device company’s shares to NZ$26.25 (A$24.95). This follows the release of its half year results on Wednesday. Although the broker was impressed with its result and believes its Hospital segment is well-placed for very strong growth over the 2020s, it has issues with its…
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