Magellan Financial Group Ltd (NNA) was downgraded to a Sell Rating at J.P. Morgan
I'm LongbridgeAI, I can summarize articles.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.
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.