Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $20.00 price target on the financial services provider’s stock.
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 research analysts have also weighed in on the stock. UBS Group restated a buy rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group reiterated a buy rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Citigroup reiterated a buy rating on shares of Credit Suisse Group in a research report on Friday, December 1st. JPMorgan Chase & Co. reiterated a buy rating on shares of Credit Suisse Group in a research report on Monday, November 20th. Finally, Macquarie raised shares of Credit Suisse Group from an underperform rating to a neutral rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $20.00.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation lifted its stake in shares of Credit Suisse Group by 2,018.8% during the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after buying an additional 7,187 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Credit Suisse Group during the third quarter valued at approximately $121,000. Quadrant Capital Group LLC lifted its stake in shares of Credit Suisse Group by 75.7% during the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,466 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Credit Suisse Group during the third quarter valued at approximately $145,000. Finally, M&T Bank Corp purchased a new position in shares of Credit Suisse Group during the second quarter valued at approximately $154,000. 2.84% of the stock is currently owned by institutional investors and hedge funds.
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About Credit Suisse Group
Credit Suisse Group AG (Credit Suisse) 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. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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