Top brokers name 3 ASX shares to sell today 22 July 2021 : v

Top brokers name 3 ASX shares to sell today 22 July 2021


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:
According to a note out of
Citi, its analysts have retained their
sell rating and $6.05 price target on this infant formula company’s shares. Although the broker acknowledges that China’s new three-child policy will be a positive for the infant formula market, it doesn’t believe investors should get overly excited. This is because it believes the birth increases are likely to be occurring in lower tier cities. These are areas that Chinese infant formula producers generally have stronger market positions. The A2 Milk share price is fetching $6.93 on Thursday.

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