---
title: "Magellan Financial Group Ltd (NNA) was downgraded to a Sell Rating at J.P. Morgan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282400878.md"
description: "J.P. Morgan downgraded Magellan Financial Group Ltd to a Sell rating with a price target of A$8.50, down from its last closing price of A$9.34. Analyst Siddharth Parameswaran, who has a 63.13% success rate, noted that the current consensus on the stock is a Hold with an average price target of €5.84."
datetime: "2026-04-11T02:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282400878.md)
  - [en](https://longbridge.com/en/news/282400878.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282400878.md)
generator: "portal-rs"
---

# Magellan Financial Group Ltd (NNA) was downgraded to a Sell Rating at J.P. Morgan

In a report released on April 9, Siddharth Parameswaran from J.P. Morgan downgraded Magellan Financial Group Ltd to a Sell, with a price target of A$8.50. The company’s shares closed last Thursday at A$9.34.

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According to TipRanks, Parameswaran is a 4-star analyst with an average return of 6.7% and a 63.13% success rate. Parameswaran covers the Financial sector, focusing on stocks such as Magellan Financial Group Ltd, Perpetual Limited, and AMP .

Currently, the analyst consensus on Magellan Financial Group Ltd is a Hold with an average price target of €5.84.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**