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Analysts Offer Insights on Financial Companies: Westpac Banking (OtherWEBNF) and Nu Holdings (NU)

Tipranks - Mon Jun 15, 8:44PM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Westpac Banking (WEBNF) and Nu Holdings (NU).

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Westpac Banking (WEBNF)

In a report issued on June 11, Matthew Wilson from Jarden maintained a Sell rating on Westpac Banking, with a price target of A$31.00. The company’s shares closed last Friday at $24.99.

According to TipRanks.com, Wilson is a 3-star analyst with an average return of 1.9% and a 55.1% success rate. Wilson covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Macquarie Group Limited, and Bendigo & Adelaide Bank. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Westpac Banking with a $23.85 average price target, which is a -4.6% downside from current levels. In a report issued on May 29, J.P. Morgan also maintained a Sell rating on the stock with a A$35.30 price target.

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Nu Holdings (NU)

Citi analyst Gustavo Schroden downgraded Nu Holdings to Hold yesterday and set a price target of $13.00. The company’s shares closed last Friday at $12.19.

According to TipRanks.com, Schroden is ranked #9130 out of 12307 analysts.

Nu Holdings has an analyst consensus of Hold, with a price target consensus of $15.98, a 31.3% upside from current levels. In a report issued on June 3, TipRanks – OpenAI also downgraded the stock to Hold with a $13.00 price target.

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