tiprankstipranks
Computershare downgraded to Equal Weight from Overweight at Morgan Stanley
The Fly

Computershare downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Andrei Stadnik downgraded Computershare to Equal Weight from Overweight with a price target of A$26.50, down from A$31.60. Short-end cash rates in the U.S., Australia, U.K. and Canada have increased further since November and should continue to rise in the second half, which could enable Computershare to upgrade its FY23 margin income guidance again, but spot and forward rates indicate that margin yield may begin to cool in FY24 while several headwinds remain for the underlying business, the analyst tells investors.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on CMSQF:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles