Jefferies Financial Group Downgrades Commonwealth Bank of Australia (OTCMKTS:CMWAY) to Underperform

Commonwealth Bank of Australia (OTCMKTS:CMWAYGet Rating) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued on Tuesday, The Fly reports. They presently have a $91.30 price target on the stock, down from their previous price target of $96.00. Jefferies Financial Group’s target price indicates a potential upside of 31.25% from the stock’s current price. Jefferies Financial Group also issued estimates for Commonwealth Bank of Australia’s FY2025 earnings at $4.51 EPS.

Separately, JPMorgan Chase & Co. downgraded Commonwealth Bank of Australia from a “neutral” rating to an “underweight” rating in a report on Tuesday.

Commonwealth Bank of Australia Stock Performance

Shares of OTCMKTS:CMWAY opened at $69.56 on Tuesday. Commonwealth Bank of Australia has a 12-month low of $58.14 and a 12-month high of $81.75. The business has a 50 day moving average of $64.24 and a 200-day moving average of $66.97.

About Commonwealth Bank of Australia

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Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.

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