National Australia Bank downgraded to Underweight from Equal Weight at Morgan Stanley

2 hours ago 2

Morgan Stanley downgraded National Australia Bank (NABZY) to Underweight from Equal Weight with a price target of A$39.80, down from A$43.50. The large Australia banks had a bully reporting play successful February, but the steadfast believes the hazard of some net downgrades and trading aggregate de-ratings is rising and it moves its manufacture presumption connected the Australia banks to Cautious from In-Line.

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