These 2 S&P/ASX 200 Index (ASX:XJO) shares in the infrastructure sector could go through a COVID-19 recovery. The post 2 ASX 200 shares that could see a COVID-19 recovery appeared first on The Motley Fool Australia.
On Monday I looked at three ASX shares that brokers have given buy ratings to this week.
Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:
According to a note out of
Morgan Stanley, its analysts have retained their
underweight rating and lifted the price target on this banking giant’s shares to $89.50. Morgan Stanley notes that CBA appears to be winning in business banking, with above-system volume growth and good margin management potentially supporting pre-provision profit growth for the first time in four years. In addition to this, the broker points out that the bank’s balance sheet is very strong. However, despite all the many positives, Morgan Stanley can’t look beyond its stretched valuation and holds firm with its underweight rating. The CBA share price is fetching $99.11 this afternoon.