Buy, hold, sell: Wesfarmers, Telstra, CBA shares

S&P/ASX 200 Index (ASX: XJO) shares are up 0.4% on Monday as the world awaits news of a potential US-Iran deal.

Meanwhile on The Bull this week, two experts give us their views on three ASX 200 shares.

Let’s check them out. 

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is $165.12, down 0.3% today and down 4.6% over the past month.

Mark Elzayed from Investor Pulse has a buy rating on the market’s biggest bank. 

Elzayed said: 

CBA remains Australia’s dominant retail bank. The recent sharp sell-off has created a more attractive entry point for long term investors.

The bank generated unaudited cash net profit after tax of $2.7 billion in the third quarter of fiscal year 2026, up 4 per cent on the prior corresponding period. Lending and deposits continued to grow despite a softer economic backdrop.

CBA also maintains strong capital levels and recently paid a fully franked interim dividend of $2.35 a share for the first half of fiscal year 2026.

The shares fell heavily following housing concerns flowing from the Federal Budget. We see scope for a recovery once sentiment stabilises.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is $75.44, up 1% today and down 8% in the calendar year to date.

Elzayed gives Wesfarmers shares a hold rating.

He explains: 

Wesfarmers is a diversified industrial conglomerate. It owns market leading businesses, including Bunnings, Kmart and Officeworks, generating resilient earnings, even in softer economic conditions.

We believe it makes sense to hold Wesfarmers given it generated net profit after tax of $1.603 billion in the first half of 2026, up 9.3 per cent on the prior corresponding period.

Revenue of $24.2 billion was up 3.1 per cent. Bunnings and Kmart continued delivering strong sales growth.

The group also lifted its fully franked interim divided by 7.4 per cent to $1.02 a share, highlighting confidence in cash generation and balance sheet strength.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $5.37, down 0.3% today and up 1% over the past month.

Jed Richards from Shaw and Partners gives Telstra shares a sell rating. 

Richards said: 

Telstra is currently trading at elevated levels, in our view, with its defensive appeal pushing the share price higher.

However, underlying growth remains limited, and the dividend yield is becoming less attractive as the share price rises.

Recent updates show steady but low growth across its core business segments, according to our analysis.

Valuations are now stretched and the risk-reward balance is less compelling. We would be inclined to take a profit at theses levels.

The post Buy, hold, sell: Wesfarmers, Telstra, CBA shares appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: L1 Long Short Fund, Metcash, and Wesfarmers shares
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• Sell alert! Why this expert is calling time on Telstra and Woodside shares
• Experts recommend CBA and these ASX shares as buys
• Why I think CBA shares are a blue-chip buy in June

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.