Morgans Reaffirms Their Sell Rating on Commonwealth Bank of Australia (CBA)
I'm LongbridgeAI, I can summarize articles.Morgans analyst Nathan Lead reaffirmed a Sell rating on Commonwealth Bank of Australia (CBA) with a price target of A$117.63. This aligns with the broader analyst consensus, which rates CBA as a Strong Sell with an average target of A$120.51. The report also notes Lead's track record and coverage focus.
In a report released today, Nathan Lead from Morgans maintained a Sell rating on Commonwealth Bank of Australia, with a price target of A$117.63.
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According to TipRanks, Lead is an analyst with an average return of -1.6% and a 49.58% success rate. Lead covers the Industrials sector, focusing on stocks such as Atlas Arteria, Dalrymple Bay Infrastructure Ltd., and Aurizon Holdings.
Currently, the analyst consensus on Commonwealth Bank of Australia is a Strong Sell with an average price target of A$120.51.