Morgans downgrades Magellan Financial Group Ltd (NNA) to a Hold
I'm LongbridgeAI, I can summarize articles.Morgans analyst Richard Coles downgraded Magellan Financial Group Ltd to a Hold rating with an A$11.29 price target on July 4. This follows UBS issuing a Hold rating on July 3, while J.P. Morgan maintained its Sell rating from July 2. The coverage highlights the financial sector focus of these analysts.
Magellan Financial Group Ltd received a Hold rating and an A$11.29 price target from Morgans analyst Richard Coles today.
4th of July Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
Coles covers the Financial sector, focusing on stocks such as Magellan Financial Group Ltd, Navigator Global Investments Ltd, and Suncorp Group. According to TipRanks, Coles has an average return of 7.6% and a 53.72% success rate on recommended stocks.
In addition to Morgans, Magellan Financial Group Ltd also received a Hold from UBS’s Shreyas Patel CFA in a report issued on July 3. However, on July 2, J.P. Morgan maintained a Sell rating on Magellan Financial Group Ltd (Frankfurt: NNA).