Credit Suisse Group AG (CS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Credit Suisse Group AG (NYSE:CS) from a strong sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

Several other equities analysts have also recently issued reports on CS. Macquarie cut Credit Suisse Group AG from an outperform rating to a neutral rating in a research report on Friday, November 4th. Keefe, Bruyette & Woods upgraded Credit Suisse Group AG from a market perform rating to an outperform rating in a report on Thursday, November 10th. Finally, Bank of America Corp. upgraded Credit Suisse Group AG from a neutral rating to a buy rating and set a $16.00 target price on the stock in a report on Monday, November 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $17.24.

Analyst Recommendations for Credit Suisse Group AG (NYSE:CS)

Shares of Credit Suisse Group AG (NYSE:CS) opened at 13.93 on Wednesday. The stock’s market cap is $29.09 billion. The company’s 50-day moving average price is $13.61 and its 200 day moving average price is $12.73. Credit Suisse Group AG has a 1-year low of $10.01 and a 1-year high of $22.76.

Several hedge funds have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Credit Suisse Group AG during the second quarter valued at approximately $1,134,000. Midas Management Corp purchased a new stake in Credit Suisse Group AG during the second quarter worth approximately $975,000. Traynor Capital Management Inc. purchased a new stake in Credit Suisse Group AG during the second quarter worth approximately $110,000. FNY Managed Accounts LLC purchased a new stake in Credit Suisse Group AG during the second quarter worth approximately $1,359,000. Finally, Bank of Montreal Can purchased a new stake in Credit Suisse Group AG during the second quarter worth approximately $258,000. Institutional investors own 2.23% of the company’s stock.

Credit Suisse Group AG Company Profile

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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