Goldman Sachs downgraded AMP Ltd (AMLTF) to Neutral from Buy with a price target of A$1.60, up from A$1.40. While Q2 cash flows were strong, its sustainability remains unclear, the analyst tells investors in a research note. The firm added that uncertainty around class actions have yet to be quantified, and that the bank remains challenged.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMLTF: