0056 GMT - Bank of Queensland gets a new bear at Macquarie amid the downside risk of higher credit provisions and continued loss of market share. Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients in a note that there are limited near-term catalysts for the Australian regional lender. They write that BOQ is focused on moving its lending toward higher-returning segments such as commercial but that returns are likely to remain under pressure. The note adds that management's risk management means that capital returns are skewed toward buybacks rather than special dividends. Macquarie cuts its target price 5% to A$5.70. Shares are down 0.1% at A$6.605. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 20:56 ET (00:56 GMT)

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