BOQ - Deutsche Bank rates the stock as Hold
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Deutsche Bank analysts have lifted forecasts for regional lenders following yet another round of mortgage repricing. While the regionals have larger exposures to home loans than the majors, the analysts highlight changes made to forecasts have remained modest as they also lowered credit growth assumptions.
The analysts continue to see challenges ahead for the regionals. Their preference remains with the Majors. Hold rating retained, price target lifts by 50c to $11.60.
Target price is $11.60.Current Price is $11.95. Difference: ($0.35) - (brackets indicate current price is over target). If BOQ meets the Deutsche Bank target it will return approximately -3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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