Top brokers name 3 ASX shares to sell next week 2 May 2021
Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.
Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:
According to a note out of Citi, its analysts have retained their sell rating and $55.00 price target on this health supplements company’s shares. The broker notes that Nestle has announced the acquisition of fellow vitamin maker Bountiful Company for US$5.75 billion. While it acknowledges that this could be an indication of broader interest in the vitamins sector, it feels that Blackmores’ shares are too expensive for it to be considered a takeover target. The…