Citi upgraded ANZ Group (ANZGF) to Neutral from Sell with a price target of A$27.50, up from A$25.25. The firm cites the stock’s relative underperformance and valuation support for the upgrade. The analyst also thinks new CEO risk is now better reflected in the shares.
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 ANZGF: