0442 GMT - ANZ's efforts to transform its Australian retail bank are seen as a key share price driver by Morgan Stanley analysts, albeit one that is hard to quantify. The MS analysts point out that the potential benefits are long-dated and that the timeline remains uncertain. They tell clients in a note that ANZ's new CEO could accelerate the roll-out of the lender's new digital platform. Migrating customers onto the platform could have negative implications for margins or customer churn, they add. MS has an equal-weight rating and a A$26.50 target price on the stock, which is down 1.6% at A$28.66. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 20, 2025 00:42 ET (04:42 GMT)

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