Citi downgraded ANZ Group to Neutral from Buy with a A$26 price target. The company’s momentum in the diversification story slowed as offshore deposits in institutional declined sharply in the second half of 2023, the analyst tells investors in a research note.
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Read More on ANZGF:
- ANZ Group downgraded to Neutral from Overweight at JPMorgan
- ANZ Group upgraded, named preferred major Australian bank at Morgan Stanley
- ANZ Group upgraded to Overweight from Equal Weight at Morgan Stanley
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