Citi downgrades Westpac Banking to 'neutral' with a price target of AUD22.50

An analyst from Citi downgraded Westpac Banking (ASX: WBC) from Buy to 'neutral' with a price target of AUD22.50 from a prior price target of AUD26.25.
Prior to this rating, Westpac Banking had 7 buy ratings, 5 hold ratings, and 4 sell ratings.
For consensus analyst estimates and price targets on Westpac Banking, click here. For more news on Westpac Banking, click here.
Westpac Banking's stock price closed at $21.770. They are up 0% in the last month and down -11.680% in the last 12 months.
According to Investing Pro, Westpac Banking's fair value is $31.482, an upside of 44.613%. Westpac Banking's fair value comes with a low degree of uncertainty, according to InvestingPro.
Check out Westpac Banking's recent earnings performance and financials here.

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