| Over a month ago | ||||
Goldman Sachs analyst… Goldman Sachs analyst Melissa Kuang resumed coverage of OCBC with a Buy rating and S$14.70 price target. The firm, which is resuming coverage of a group of ASEAN banks, sees ASEAN banks' profitability approaching a historical eight-year peak by the first half and is "remaining tactical" given the uncertainties in the U.S. macro outlook. | ||||
Jefferies downgraded OCBC… Jefferies downgraded OCBC to Hold from Buy with a price target of S$14, down from S$14.50, ahead of the Singapore banks group reporting Q1 results in late April and early May. The firm cites "toppish NIM and a lack of near term catalysts" for its two downgrades in the space. | ||||
JPMorgan analyst Harsh… JPMorgan analyst Harsh Wardhan Modi double downgraded OCBC to Underweight from Overweight with a S$11.50 price target. | ||||
| Over a quarter ago | ||||
JPMorgan analyst Harsh… JPMorgan analyst Harsh Wardhan Modi downgraded OCBC to Neutral from Overweight with a S$13 price target. The analyst has "too many concerns" post the Q3 results. | ||||
Daiwa analyst David Lum… Daiwa analyst David Lum downgraded OCBC to Hold from Outperform with a price target of S$12.60, down from S$12.70. The analyst sees potential for acquisition risks and capital-management disappointment. | ||||
