Live preview mode. Wire is not yet published.
CIMB upgrades Bendigo and Adelaide Bank (BEN) to neutral from underperform
CIMB upgrades Bendigo and Adelaide Bank (BEN) to neutral from underperform. BEN has lagged its peers for most of the year and CIMB now rank it the cheapest in sector. They think a re-rating is probable as concerns about legal risks from the Great Southern Plantations dispute abate and the path to Advanced IRB status builds momentum. This follows a similar upgrade by JP Morgan back in early October and bodes well for the stock.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
1 topic
Comments
Comments
Sign In or Join Free to comment