Credit Suisse, again, reduces earnings estimates and allows for a further increase in bad debts for the banks.
Dividend forecasts are reduced further. Neutral rating maintained. Target is $65.
Sector: Banks.
Target price is $65.00.Current Price is $62.47. Difference: $2.53 – (brackets indicate current price is over target). If CBA meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
