Credit Suisse Group (CS) Upgraded at Morgan Stanley
Credit Suisse Group (NYSE:CS) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Friday.
CS has been the subject of several other research reports. Zacks Investment Research upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Macquarie lowered shares of Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report on Friday, January 13th. Citigroup Inc. restated a “buy” rating on shares of Credit Suisse Group in a research report on Wednesday, January 11th. Bank of America Corporation upgraded shares of Credit Suisse Group from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, November 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Credit Suisse Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.67.
Shares of Credit Suisse Group (NYSE:CS) opened at 15.22 on Friday. The company has a 50-day moving average of $15.27 and a 200-day moving average of $13.85. Credit Suisse Group has a 12-month low of $10.01 and a 12-month high of $16.17. The stock’s market capitalization is $31.89 billion.
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A number of hedge funds have recently bought and sold shares of the stock. Allianz Asset Management AG purchased a new stake in Credit Suisse Group during the fourth quarter worth approximately $38,160,000. Renaissance Technologies LLC raised its stake in Credit Suisse Group by 137.4% in the fourth quarter. Renaissance Technologies LLC now owns 4,022,688 shares of the company’s stock worth $57,565,000 after buying an additional 2,328,530 shares in the last quarter. Eaton Vance Management raised its stake in Credit Suisse Group by 93.4% in the third quarter. Eaton Vance Management now owns 1,946,441 shares of the company’s stock worth $25,576,000 after buying an additional 939,896 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in Credit Suisse Group during the third quarter worth approximately $4,659,000. Finally, Aperio Group LLC raised its stake in Credit Suisse Group by 58.6% in the third quarter. Aperio Group LLC now owns 859,493 shares of the company’s stock worth $11,294,000 after buying an additional 317,497 shares in the last quarter. 2.25% of the stock is owned by institutional investors.
About Credit Suisse Group
Credit Suisse Group AG is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. The Swiss Universal Bank division offers advice and a range of financial solutions to private, corporate and institutional clients.
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