Goldman Sachs upgrade ANZ to a buy recommendation (from neutral), with its price target being raised to A$36.81

Pepperstone
Goldman Sachs upgrade ANZ to a buy recommendation (from neutral), with its price target being raised to A$36.81. This constitutes a near 15% return if you take into consideration the 5% dividend yield. The catalyst the bank flag for gains include a strong mortgage franchise, well positioned for business credit recovery, valuation support and upside in Asia.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.

3 topics

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Please sign in to comment on this wire.