0047 GMT - An around 20% fall in Commonwealth Bank of Australia's share price over the past six months doesn't nudge Morgan Stanley into changing its bearish view. "We stay underweight because outperformance in retail and business banking will be harder to achieve, positive catalysts relating to either costs or capital management are unlikely, and the stock remains vulnerable to an ongoing de-rating," analyst Richard E. Wiles says. MS says CBA's major competitors are performing better. Also, the 'flow of funds' benefit is fading, and the prospect of further rate cuts by Australia's central bank and a stronger economic recovery are unlikely. MS cuts its price target on CBA by 8.5% to A$131.00/share. CBA is down 1.4% at A$151.17. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 19, 2026 19:47 ET (00:47 GMT)

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