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Computershare Limited (CMSQF) was downgraded to a Sell Rating at Morgan Stanley

Computershare Limited (CMSQF) was downgraded to a Sell Rating at Morgan Stanley

In a report released today, Andrei Stadnik from Morgan Stanley downgraded Computershare Limited to a Sell, with a price target of A$34.70. The company's shares closed last Wednesday at $26.00.
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Stadnik covers the Financial sector, focusing on stocks such as Suncorp Group, Macquarie Group Limited, and ASX . According to TipRanks, Stadnik has an average return of 6.8% and a 54.75% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Computershare Limited with a $24.50 average price target.
Based on Computershare Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.15 billion and a net profit of $413.72 million. In comparison, last year the company earned a revenue of $1.92 billion and had a net profit of $139.41 million
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