Once again, a large number of brokerage bills came on the wires last week. Some of these notes were positive and some were bearish.
Three sales reviews that caught my eye are summarized below. Here’s why top brokers think investors should sell these stocks next week:
After a hint UBShis analysts have kept theirs to sell However, the price target for the shares of this payment company has been raised to $ 30.00. Although the company has raised its sales forecast to reflect Afterpay’s strong start into fiscal 2021, as well as its high customer growth and high transaction frequency, it still believes its stocks are grossly overvalued and have maintained the sales rating. Afterpay stock price ended the week at $ 100.50.
A note from the Macquarie The share switch shows that its analysts have kept theirs Underperformance Rating, but raised the price target for the shares of this security product company to $ 33.35. The broker was impressed with Ansell’s strong start to fiscal 2021 and believes they are well-positioned to capitalize on the increased demand for personal protective equipment due to COVID-19. However, it’s not as positive on its outlook over the medium term, so it believes its stocks are relatively expensive because of that. Ansell’s share price was last traded at $ 41.70.
Analysts at recognition Suisse have kept theirs Underperformance Rating and reduced the price target for the shares of this pizza chain operator to USD 58.71. The broker notes that store sales growth has slowed towards the end of the last three months. On the positive side, however, it should be noted that the new store openings exceeded expectations. However, whether or not this can be maintained is the big question, according to the broker. It is feared that in the current environment it could be more difficult to open business in the European market. With that in mind, it doesn’t think its stocks offer good value at current levels. The Domino’s stock price ended the week at $ 84.48.
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