If you are on the lookout for some new portfolio additions, then it could be worth hearing what analysts are saying about the ASX shares named below, courtesy of The Bull.
Are they bullish, bearish, or something in between? Let's find out.
Commonwealth Bank of Australia (ASX: CBA)
Shaw and Partners has given its verdict on this banking giant. Unfortunately, it thinks CBA shares are a sell this week.
The main reason for this is its current valuation. The broker sees little margin for error and better value elsewhere in the sector. It said:
The CBA remains a high quality banking operation, but its valuation is increasingly difficult to justify. The stock trades at a significant premium to global peers despite a mature domestic banking market and limited growth potential, in my view.
While earnings remain stable, we see better value elsewhere in the sector. We believe the current share price leaves little margin for error, supporting a sell recommendation on valuation grounds. The shares have risen from $158.74 on February 10 to trade at $181.65 on April 9.
Reece Ltd (ASX: REH)
Over at DP Wealth Advisory, its analysts have named this plumbing parts company's shares as a sell.
It highlights supply and demand pressures as a reason to be cautious, as well as a premium valuation. It explains:
This plumbing supplies company operates in Australia, New Zealand and the United States. It's exposed to cyclical forces within the building industry, including supply and demand pressures. While sales revenue was up 6 per cent in the first half of 2026 compared to the prior corresponding period, net profit after tax fell 20 per cent. EBITDA declined 6 per cent in response to elevated costs.
The company is re-investing to drive longer term cost efficiencies and growth opportunities. However, the company is trading on a lofty price/earnings ratio compared to peers. In my view, Reece is exposed to supply chain and cost issues if the Middle East turns into a prolonged conflict.
Wesfarmers Ltd (ASX: WES)
Shaw and Partners is a little more positive on Bunnings owner Wesfarmers. It has named its shares as a hold this week.
While the broker is a fan of the company, it believes its share price is fully valued now and offers only limited upside. It said:
This company continues to deliver reliable earnings through its diversified portfolio of quality retail and industrial businesses. Company net profit after tax rose 9.3 per cent in the first half of 2026 when compared to the prior corresponding period. Revenue was up 3.1 per cent. Hardware giant Bunnings lifted total sales by 4 per cent. Total sales at Officeworks were up 4.7 per cent.
Strong balance sheet discipline and management execution support resilience across economic cycles. Much of this is already reflected in the share price, limiting near term upside, in my view. While it remains a high quality core holding, we believe a hold rating is appropriate until a lower share price or growth catalyst emerges.
The post Buy, hold, sell: CBA, Reece, and Wesfarmers shares appeared first on The Motley Fool Australia.
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 positions in and has recommended Wesfarmers. 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.
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