Westpac's Retail Improvement Can't Shake Bears -- Market Talk

Dow Jones

06/12

0321 GMT - Morgan Stanley analysts stay bearish on Westpac despite their belief that performance at its retail banking franchise is improving. They acknowledge the Australian lender's contention that its brand appeal, customer advocacy and status as customers' main financial institution have all improved, but stay underweight on the stock. They tell clients in a note that Westpac hasn't provided an update on its second-half performance nor issued new financial targets. With demand for property investment loans waning, the MS analysts also caution that a material shift in operating conditions would increase the risk of earnings downgrades. MS has a target price of 31.50 Australian dollars on the stock, which is up 1.6% at A$35.035. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 11, 2026 23:21 ET (03:21 GMT)

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They acknowledge the Australian lender's contention that its brand appeal, customer advocacy and status as customers' main financial institution have all improved, but stay underweight on the stock. They tell clients in a note that Westpac hasn't provided an update on its second-half performance nor issued new financial targets. With demand for property investment loans waning, the MS analysts also caution that a material shift in operating conditions would increase the risk of earnings downgrades. MS has a target price of 31.50 Australian dollars on the stock, which is up 1.6% at A$35.035. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2026 23:21 ET (03:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0557290698.USD","symbol_name":"施羅德環球可持續增長基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642259645","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642259645","pubTimestamp":1781234460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0321 GMT - Morgan Stanley analysts stay bearish on Westpac despite their belief that performance at its retail banking franchise is improving. 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They acknowledge the Australian lender's contention that its brand appeal, customer advocacy and status as customers' main financial institution have all improved, but stay underweight on the stock. They tell clients in a note that Westpac hasn't provided an update on its second-half performance nor issued new financial targets. With demand for property investment loans waning, the MS analysts also caution that a material shift in operating conditions would increase the risk of earnings downgrades. MS has a target price of 31.50 Australian dollars on the stock, which is up 1.6% at A$35.035. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 11, 2026 23:21 ET (03:21 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}