Leading brokers name 3 ASX shares to sell today

Leading brokers have named Cochlear Limited (ASX:COH) and these ASX shares as sells this week. Here’s why they are bearish…
The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia. –

hand drawing a clock face with the words time to sell

On Monday 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 that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Cochlear Limited (ASX: COH)

According to a note out of UBS, its analysts have retained their sell rating and $185.00 price target on this hearing solutions company’s shares. The broker acknowledges that clinics have adapted to the pandemic and expects the loss of deferred surgeries to be minimal. Furthermore, thanks to a recall from a key competitor, it believes Cochlear is winning market share. However, it still feels its shares are expensive and thus sees no reason to change its rating any time soon. The Cochlear share price is fetching $203.81 this afternoon.

Oil Search Ltd (ASX: OSH)

A note out of Macquarie reveals that its analysts have retained their underperform rating but lifted the price target on this energy producer’s shares to $4.10. According to the note, the broker has lifted its estimates to reflect higher oil prices thanks to OPEC holding firm with its production cuts. But it isn’t enough for the broker to become positive on Oil Search. It still doesn’t see value in its shares at the current level. The Oil Search share price is trading at $4.51 on Tuesday.

Virtus Health Ltd (ASX: VRT)

Analysts at Morgan Stanley have retained their underweight rating and lifted the price target on this fertility treatment company’s shares to $5.05. According to the note, the broker has been pleased with the strength of the IVF market, noting that Virtus Health reported strong fresh cycle growth during the first half. However, it appears concerned that government stimulus is propping this up and is waiting to see what happens when it stops. The Virtus Health share price is trading at $5.89 this afternoon.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and Virtus Health Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!