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Morgan Stanley Sticks to Their Sell Rating for National Australia Bank Limited (NAUBF)

Tipranks - Tipranks - Wed Jul 8, 7:50PM CDT

Morgan Stanley analyst Richard Wiles maintained a Sell rating on National Australia Bank Limited today and set a price target of A$34.50.

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Wiles covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Westpac Banking, and Commonwealth Bank of Australia. According to TipRanks, Wiles has an average return of -8.6% and a 33.16% success rate on recommended stocks.

Currently, the analyst consensus on National Australia Bank Limited is a Hold with an average price target of A$37.01.

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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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