Yesterday’s Downgrade: Credit Suisse Group AG (ADR)

Credit Suisse Group AG (ADR) (NYSE:CS) received a stock rating downgrade from Exane BNP Paribas on Apr-05-16. In a note to investors, the firm issued an Underperform rating. The analysts previously had a Neutral rating on the stock.


Analysts have a consensus target price of $14.38 in the 12-month period. The price objective is 7.72% higher than the recent closing price of $13.35. The 52-week price range is $12.56-$29.33 and the company has a market capitalization of $26.22 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 0 has assigned a hold rating, 0 says it’s a buy, and 1 have assigned a strong buy rating to the company.


Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers a range of advice and financial solutions, including structured advisory; investment advice; wealth and asset management; fixed income products and instruments; securitized products; M&A transactions; corporate sales and restructurings; divestitures; takeover defense strategies; equity and debt underwritings; equity and fixed income sales; debt and equity securities; private placements; and trading services, as well as derivative products. It also offers various banking services, such as lending, payment, capital goods leasing, syndications and structured finance, trade finance, ship and aviation finance, export finance and factoring, treasury, and foreign exchange services, as well as fund solutions and fund-linked services. In addition, the company provides global securities sales, trading and execution, prime brokerage, and investment research services; and investment solutions and services to pension funds, foundations and endowments, and individuals. It operates 447 offices and branches. The company offers its products and services to private, corporate, institutional, high-net-worth and ultra-high-net-worth individuals, small and medium-sized enterprises, governments, and institutional investors, as well as affluent and retail clients. Credit Suisse Group AG was founded in 1856 and is based in Zurich, Switzerland.


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