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Bernstein Initiates Coverage On UBS, Credit Suisse At Underperform
Tuesday, July 12, 2016 - 2:06pm | 411Read More...Chirantan Barua of Bernstein initiated coverage on two large-cap Swiss banks, UBS Group AG (USA) (NYSE: UBS) and Credit Suisse Group AG (ADR) (NYSE: CS) with Underweight ratings. Barua cited three fundamental concerns that fuel his bearish thesis. Quantitative Easing First, the quantitative easing...
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Bernstein Downgrades RBS To Market Perform, Warns Of 'The Big Mark To Reality'
Thursday, March 10, 2016 - 9:42am | 238Read More...Bernstein’s Chirantan Barua downgraded the rating on Royal Bank of Scotland Group PLC (NYSE: RBS) from Outperform to Market Perform, while lowering the price target from 450p to 230p. Outlook Concerns “The #1 UK Mid-Market and SME bank is now ready to lend after years of...
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HSBC Cut To Sell-Equivalent By Bernstein's Barua
Monday, February 29, 2016 - 2:15pm | 257Read More...On Monday, AB Bernstein issued a company note on HSBC Holdings plc (ADR) (NYSE: HSBC) after disappointing Q4 earnings results. Analysts at Bernstein downgraded HSBC to Underperform with a 380 pence price target. Chirantan Barua and Daniel Lasry, analysts at Bernstein, wrote, "HSBC's Q4 results (...
