Jefferies analyst Tom Mills downgraded Julius Baer (JBAXY) to Hold from Buy with a price target of CHF 58, up from CHF 54. The share price now reflects the company’s incremental cost efficiency measures as well as a lack of near-term share buyback, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBAXY:
- Julius Baer Group Ltd: Hold Rating Amid Strategic Uncertainty and Regulatory Challenges
- Julius Baer price target lowered to CHF 65 from CHF 66 at Barclays
- Julius Baer downgraded to Hold from Buy at Kepler Cheuvreux
- Julius Baer downgraded to Neutral from Buy at Citi
- Julius Baer price target lowered to CHF 66 from CHF 68 at JPMorgan