Morgan Stanley Sticks to Its Hold Rating for Bendigo & Adelaide Bank Ltd. (BXRBF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Source: Business Insider
Analyst Ratings: Morgan Stanley analyst Richard Wiles maintained a Hold rating on Bendigo & Adelaide Bank Ltd. with a price target of A$12.00, while J.P. Morgan also issued a Hold and Citi maintained a Sell rating on the stock.
Financial Performance: Bendigo & Adelaide Bank reported quarterly revenue of $952.7 million and a net profit of $262.7 million, showing an increase in profit compared to the previous year despite lower overall revenue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
