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CBA - Citi rates the stock as Downgrade to Sell
BY BROKER NEWS - 22/01/2018 | VIEW MORE BROKER UPDATES

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CBA - COMMONWEALTH BANK OF AUSTRALIA.


Citi analysts have moved to a Sell, from Neutral, while lowering their price target to $72 (was $76.75).

The analysts justify their decision with the assessment that CBA is facing a decline in balance sheet momentum combined with rising compliance and remediation costs.

Examining previous crises suggests the CBA share price remains poised for a period of underperformance, according to Citi.

Sector: Banks.

Target price is $72.00.Current Price is $79.83. Difference: ($7.83) - (brackets indicate current price is over target). If CBA meets the Citi target it will return approximately -11% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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