Top brokers name 3 ASX shares to sell next week

Brokers aren't feeling very positive about these shares…

| More on:
Keyboard button with the word sell on it.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 investors might want to hear about are summarised below. Here's why top brokers think investors ought to sell these shares next week:

AMP Ltd (ASX: AMP)

According to a note out of UBS, its analysts have retained their sell rating and 90 cents price target on this embattled financial services company's shares. UBS notes that consensus estimates for AMP's results have been lowered. Despite this, it feels the market continues to expect too much from the struggling company and is forecasting a result well short of expectations. The AMP share price was trading at 96 cents on Friday.

ARB Corporation Limited (ASX: ARB)

A note out of Credit Suisse reveals that its analysts have retained their underperform rating but lifted their price target on this 4×4 parts manufacturer's shares to $40.60. While Credit Suisse was pleasantly surprised to see ARB outperform its estimates during the first half of FY 2022, it isn't enough for a change of rating. Credit Suisse still believes ARB's shares are overvalued at the current level and has concerns that its margins are unsustainable. The ARB share price was fetching $44.33 at Friday's close.

Commonwealth Bank of Australia (ASX: CBA)

Analysts at Morgans have retained their reduce rating and $74.00 price target on this banking giant's shares. According to the note, the broker continues to believe that CBA's shares are overvalued at the current level and don't deserve to trade at such a premium to the rest of the big four banks. Morgans is expecting first half cash earnings of $4.320 billion and a fully franked interim dividend of $1.74 per share. CBA will no doubt need to deliver something significantly better than this to change Morgans' mind about its shares. The CBA share price was trading at $94.10 at Friday's close.

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 ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

Man pointing at a blue rising share price graph.
Technology Shares

Up 30% in a month, this ASX 200 tech share is 'a compelling opportunity': expert

Analysts from listed investment company WAM Capital say this ASX 200 tech stock is worth watching.

Read more »

An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

View of a mine site.
Broker Notes

How much upside does Macquarie tip for Deterra Royalties shares?

Deterra Royalties offers ASX investors a different way to invest in global mining.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Broker Notes

Broker reveals outlook for ASX dividend shares amid volatile market

Peter Gardner from Plato Investment Management tells ASX investors where to look for dividend income this year.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

Leading broker puts buy rating on Zip shares

Big returns could be on offer for investors according to its analysts.

Read more »

gaming asx share price rise represented by slot machine paying jackpot
Broker Notes

What does Macquarie expect from Aristocrat Leisure shares when it reports on 14 May?

Here's what the broker is expecting from this gaming technology company next week.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

Goldman Sachs says these ASX 200 stocks are strong buys

The broker is feeling very bullish about these stocks. But why?

Read more »