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:
Aurizon Holdings Ltd (ASX: AZJ)
According to a note out of Goldman Sachs, its analysts have retained their sell rating and $3.66 price target on this rail freight company’s shares. The broker notes that the floods in New South Wales have impacted the state’s coal network rail corridor. Goldman believes this poses a risk for Aurizon meeting its guidance for the full year. In addition to this, looking longer term, the broker has concerns over the deterioration of the long term outlook for global coal demand. The Aurizon share price ended the week at $3.88.
Bubs Australia Ltd (ASX: BUB)
A note out of Citi reveals that its analysts have retained their sell rating and 35 cents price target on this infant formula company’s shares. According to the note, the broker believes that competition is heating up in the China market thanks to a resurgence in domestic brands. Citi expects this to weigh on Bubs’ performance. In addition to this, the broker notes that there is a lot of uncertainty in respect to its pathway to profitability. Particularly given the issues it is facing in the daigou channel. The Bubs share price was fetching 51 cents at Friday’s close.
Unibail-Rodamco-Westfield CDI (ASX: URW)
Analysts at Ord Minnett have downgraded this shopping centre operator’s shares to a sell rating with a reduced price target of $3.70. According to the note, the broker made the move partly on valuation grounds and to reflect a stronger Australian dollar. In addition, it believes its outlook is uncertain given the challenges it is facing with its deleveraging plan. The Unibail-Rodamco-Westfield share price ended the week at $5.13.
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More reading
- Aurizon (ASX:AZJ) share price dips despite finalising $205 million sale
- 2 ASX shares that may be hit by Australia’s declining birth rate
- A2 Milk (ASX:A2M) shares and one other slapped with sell ratings
- Leading brokers name 3 ASX shares to sell today
- 2 ASX REITs to grab (and 2 to avoid): fundie
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 BUBS AUST FPO. The Motley Fool Australia has recommended Aurizon Holdings Limited and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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