Morgan Stanley analyst Vishal Shah downgraded Julius Baer to Underweight from Equal Weight with a price target of CHF 56, down from CHF 67. The analyst expects an uncertain macro outlook in 2024 and margin pressures driven by higher rates to weigh on the shares.
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Read More on JBAXY:
- Julius Baer price target lowered to CHF 58 from CHF 71 at RBC Capital
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