Bell Potter analyst, TS Lim has upgraded his recommendation of ANZ Bank (ASX:ANZ) to a Buy (previously Hold)

Bell Potter analyst, TS Lim has upgraded his recommendation of ANZ Bank (ASX:ANZ) to a Buy (previously Hold). We have further reviewed ANZ's prospects at the end of the bank reporting season. The strength of its fundamentals relative to many of its peers and exposure to US$ earnings through its Super Regional strategy (20% of Group cash earnings) gives us comfort that it is better placed than most at this point in the economic cycle.