Goldman Sachs Downgrades Credit Suisse (CS) to Neutral; Prefers BNP Paribas

Article Stock Quotes (1) Comments (0)

Goldman Sachs downgraded Credit Suisse (NYSE: CS) from Buy to Neutral.

Goldman analyst says, "We downgrade Credit Suisse to Neutral following a revision of our valuation model and steady-state returns under the new regulatory proposal; our preferred European bank with exposure to capital markets is BNP Paribas, which is on our Conviction Buy List."

For more ratings news on Credit Suisse click here and for the rating history of Credit Suisse click here.

Shares of Credit Suisse closed at $39.51 yesterday, with a 52 week range of $36.36-$58.73.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
• Baird Downgrades Wisconsin Energy (WEC) to Neutral
• Stifel Nicolaus Downgrades Capella Education (CPLA) to Hold

Create E-mail Alert Related Categories

Downgrades

Related Entities

Goldman Sachs Conviction Buy List, Credit Suisse

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?