Goldman Sachs analyst Andrew Lyons downgraded Westpac Banking to Sell from Neutral with an unchanged price target of A$24.10. The firm’s downgrade “largely reflects our more negative view on the Australian banks,” but the analyst also highlights execution, cost and timing risks relating to Westpac’s technology simplification.
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 WEBNF: