National Australia Bank (ASX:NAB) higher execution risks are expected to weigh on its near-term share price performance, driven by management changes, margin pressure from competition in the banking business, and a reduced likelihood of further capital management, according to a Thursday report by The Australian, citing Morgan Stanley.
On March 16, the bank said group Chief Financial Officer Nathan Goonan resigned and will leave the bank later this year to join Westpac Banking (ASX:WBC, NZE:WBC) as CFO.
Morgan Stanley downgraded NAB to equal-weight from overweight and cut its price target to AU$34.80 from AU$37.40.
Shares of the bank rose past 1% in recent Thursday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。