CS Stock: CHF 11 Target (Down From CHF 14) By Morgan Stanley

By Amit Chowdhry ● April 11, 2021
  • The shares of Credit Suisse Group AG (NYSE: CS) have received a price target decrease from CHF 14 ($15.11) to CHF 11 ($11.88) by Morgan Stanley. These are the details.

The shares of Credit Suisse Group AG (NYSE: CS) have received a price target decrease from CHF 14 ($15.11) to CHF 11 ($11.88) by Morgan Stanley. And Morgan Stanley analyst Magdalena Stoklosa downgraded the company shares from “Overweight” to “Equal Weight.”

Stoklosa noted that there is lingering uncertainty from the hedge fund loss. And this will delay a re-rating of the shares.

There are still questions that remain over the outcome of the company’s review and potential further trading and litigation losses. Plus there is negative headline risk that is still to be determined.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.