Goldman Sachs downgraded National Australia Bank to Neutral from Buy with an unchanged price target of A$34.04, implying 2% downside. The downgrade reflects a more negative view on the Australian banks and the bank’s “full” valuation, the analyst tells investors in a research note.
Claim 55% 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 NABZY: