Business
Top brokers name 3 ASX shares to sell today 29 April 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 Morgan Stanley, its analysts have retained their underperform rating and $46.00 price target on this retail giant’s shares. While JB Hi-Fi’s quarterly update was in line with expectations, it isn’t enough for a change of rating. Particularly given the recent update from Kogan.com Ltd (ASX: KGN), which noted excess inventory and increasing promotional activity. The JB Hi-Fi share price is currently fetching…
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