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Morgan Stanley Reaffirms Their Sell Rating on National Australia Bank Limited (NAUBF)

Tipranks - Tipranks - Wed Jul 1, 8:06PM CDT

In a report released today, Richard Wiles from Morgan Stanley maintained a Sell rating on National Australia Bank Limited, with a price target of A$34.50.

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According to TipRanks, Wiles is an analyst with an average return of -8.4% and a 35.48% success rate. Wiles covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Westpac Banking, and Commonwealth Bank of Australia.

The word on The Street in general, suggests a Hold analyst consensus rating for National Australia Bank Limited with a A$37.01 average price target.

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Based on National Australia Bank Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of A$28.6 billion and a net profit of A$2.75 billion. In comparison, last year the company earned a revenue of A$4.97 billion and had a net profit of A$1.7 billion

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