2255 GMT - National Australia Bank has a stronger earnings outlook than Westpac and enjoys far more valuation support than Commonwealth Bank, Morgan Stanley analysts say. Its relative attractiveness compared with its peers helps keep the analysts equal-weight on the stock following what they tell clients in a note was a first-half result with no surprises. Key operating trends were in line with their expectations, which the MS team says helps alleviate concerns about underlying margins, credit quality and capital that had emerged with NAB's 1Q update. They lift their target price 2.9%, to A$35.00. Shares are at A$35.87 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 07, 2025 18:55 ET (22:55 GMT)

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