Citi Upgrades ANZ Group (ANZGF) to Neutral, Cites Valuation and CEO Risk | ANZGF Stock News

1 day ago

Citi has raised its rating on ANZ Group (ANZGF, Financial) from Sell to Neutral, adjusting the price target to A$27.50, an increase from the previous A$25.25. This upgrade highlights the stock's relative undervaluation and underperformance as key factors.

The decision reflects a belief that concerns surrounding the new CEO's impact are now more accurately represented in the company's share price. This assessment suggests that the risks previously associated with leadership changes have been accounted for, offering potential stability going forward.

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