Brokers are bearish on these ASX shares…
The post Top brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia. –
Yesterday I looked at three ASX shares 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:
银行及金融 - 澳洲联邦银行 (ASX: CBA)
According to a note out of Morgan Stanley, its analysts have an underweight rating and $90.00 price target on this banking giant’s shares. The broker has been looking into the banking sector and believes Australia may need to take macroprudential measures to slow the build-up of household debt relative to income. It believes this could result in a slowdown in loan growth. As a result, it doesn’t appear to be in a hurry to change its rating on the shares of Australia’s largest bank. The CBA share price is trading at $100.91 on Thursday.
Premier Investments Limited (ASX: PMV)
A note out of Goldman Sachs reveals that its analysts have a sell rating and $21.10 price target on this retail conglomerate’s shares. While the broker has only had a quick look at the retailer’s full year results this morning, it looks unlikely to change its rating after a proper review. Goldman notes that Premier Investments fell short of its sales, earnings, and dividend estimates for FY 2021. The broker also has concerns over the slow recovery of the Smiggle business. The Premier Investments share price is fetching $27.61 today.
Vicinity Centres (ASX: VCX)
Another note out of Morgan Stanley reveals that its analysts have retained their underweight rating and $1.59 price target on this shopping centre operator’s shares. This follows a look at the REIT sector following a series of recent takeover offers for infrastructure companies. While the broker does see takeover appeal, it isn’t enough for a change of rating. The Vicinity share price is trading at $1.70 on Thursday.
Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
CBA (ASX:CBA) share price leads big four banks today despite broker’s bearish view
Why Bapcor, Brickworks, News Corp, & Premier Investments are rising
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.