BUZZ-ANZ shares fall as major strategy shift expected by Morgan Stanley

Reuters
2025/10/01
BUZZ-ANZ shares fall as major strategy shift expected by <a href="https://laohu8.com/S/MTK">Morgan Stanley</a>

** Shares of ANZ Group ANZ.AX fall 0.9% to A$32.925, tracking a broader 0.7% decline in Australia's financials sub-index .AXFJ

** Analysts at Morgan Stanley expect ANZ to announce a significant transformation agenda at the CEO Strategy Update on October 13

** Brokerage says ANZ's update could include details on a revised strategy for ANZ's retail bank, including unit ANZ Plus, and new medium-term financial targets

** We think investors would welcome confirmation of ROE and CTI targets, more clarity on cost savings would support current multiples - Morgan Stanley

** Morgan Stanley rates the stock "equal-weight" with a price target of A$30.50

** ANZ up 15.6% this year, including the day's move

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

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