0504 GMT - The highly unusual departure of National Australia Bank's chief financial officer prompts Jarden analysts to flip bearish on the lender. Cutting their recommendation on the stock to underweight from overweight, they are worried that Nathan Goonan's resignation for the same role at Westpac could raise uncertainty and risks at NAB. They add in a note that they aren't surprised by separate changes in leadership at NAB's business and private wealth unit but wonder why there is an interim appointment given there is an apparent overlap between the incumbent's departure and the newcomer's arrival. They speculate that there could be deeper cultural or operational issues at NAB's business bank. Jarden cuts its target price by 21% to A$30.00. Shares are down 0.5% at A$33.13. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 01:04 ET (05:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。