BofA Securities downgrades Westpac Banking to 'neutral' with a price target of AUD21.60

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BofA Securities downgrades Westpac Banking to 'neutral' with a price target of AUD21.60

An analyst from BofA Securities downgraded Westpac Banking (ASX: WBC ) from 'buy' to 'neutral' with a price target of AUD21.60 from a prior price target of AUD26.00.

Prior to this rating, Westpac Banking had 5 buy ratings, 6 hold ratings, and 5 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 $21.130. They are down -5.16% in the last month and down -14.240% in the last 12 months.

According to Investing Pro, Westpac Banking's fair value is $28.490, an upside of 34.834%. Westpac Banking's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Westpac Banking's recent earnings performance and financials here.

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