tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

FirstRand downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley downgraded FirstRand (FANDF) to Equal Weight from Overweight with an unchanged price target of ZAR 8,400. The recent trading update detailed a “solid operational performance,” but UK motor finance claims remain an unknown and risks look to have risen following October’s Appeal Court ruling, says the analyst, who sees better value elsewhere in the sector.

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>>

Disclaimer & DisclosureReport an Issue

1