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Bendigo and Adelaide downgraded to Sell from Outperform at CLSA » 10:30
08/16/22
08/16
10:30
08/16/22
10:30
BXRBF

Bendigo and Adelaide

$6.47 /

+ (+0.00%)

CLSA analyst Ed Henning…

CLSA analyst Ed Henning downgraded Bendigo and Adelaide to Sell from Outperform.

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BXRBF Bendigo and Adelaide
$6.47 /

+ (+0.00%)

08/15/22 Goldman Sachs
Bendigo and Adelaide downgraded to Neutral from Buy at Goldman Sachs
07/31/22 Goldman Sachs
Bendigo and Adelaide upgraded to Buy from Neutral at Goldman Sachs
02/14/22 Jefferies
Bendigo and Adelaide downgraded to Hold from Buy at Jefferies
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Bendigo and Adelaide downgraded to Neutral from Buy at Goldman Sachs » 08:24
08/15/22
08/15
08:24
08/15/22
08:24
BXRBF

Bendigo and Adelaide

$6.47 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Andrew Lyons downgraded Bendigo and Adelaide to Neutral from Buy with a price target of A$10.60, down from A$11.89, as he lowered his FY23, FY24 and FY25 EPS estimates by 10.3%, 3.5%, and 3.4%, respectively, after the bank reported FY22 earnings. Bendigo and Adelaide's NIM leverage is now lower and more elongated than previously expected, Lyons said.

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BXRBF Bendigo and Adelaide
$6.47 /

+ (+0.00%)

07/31/22 Goldman Sachs
Bendigo and Adelaide upgraded to Buy from Neutral at Goldman Sachs
02/14/22 Jefferies
Bendigo and Adelaide downgraded to Hold from Buy at Jefferies
Upgrade
Bendigo and Adelaide upgraded to Buy from Neutral at Goldman Sachs » 11:49
07/31/22
07/31
11:49
07/31/22
11:49
BXRBF

Bendigo and Adelaide

$6.47 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Andrew Lyons upgraded Bendigo and Adelaide to Buy from Neutral with a A$11.89 price target, implying 21% 12-month total shareholder return Bendigo's volume momentum is strong and improving, and the company provides the best exposure of the Australian banks to rising rates, Lyons tells investors in a research note.

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BXRBF Bendigo and Adelaide
$6.47 /

+ (+0.00%)

02/14/22 Jefferies
Bendigo and Adelaide downgraded to Hold from Buy at Jefferies
Over a quarter ago
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Bendigo and Adelaide downgraded to Hold from Buy at Jefferies » 07:57
02/14/22
02/14
07:57
02/14/22
07:57
BXRBF

Bendigo and Adelaide

$6.47 /

+ (+0.00%)

Jefferies analyst Brian…

Jefferies analyst Brian Johnson downgraded Bendigo and Adelaide to Hold from Buy with an unchanged price target of A$10 citing concerns that the bank lacks sufficient size and scale to generate its cost of capital, "let alone accretively fund its ambitious investment agenda." If a bank does not earn its cost of capital, it "does not deserve" to trade at net book value, or NBV, and Bendigo and Adelaide Bank's discounted NBV multiple is "a clear message to BEN management and the Board," added Johnson.

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BXRBF Bendigo and Adelaide
$6.47 /

+ (+0.00%)

03/23/21 Macquarie
Bendigo and Adelaide upgraded to Outperform from Neutral at Macquarie

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