From Motley Fool today: Computershare Ltd (ASX: CPU)The Computershare share price is down over 2% to $25.59. This may have been driven by a broker note out of Morgan Stanley. According to the note, the broker has downgraded the transfer agency and share registration company's shares to an equal-weight rating with a lowered price target of $27.70. With interest rates starting to fall, the broker believes that Computershare will be negatively impacted. In addition, it fears that a delay in the recovery of corporate activity could mean that its earnings fall short of consensus estimates. Though, with a strong balance sheet, it does see opportunities to boost its earnings growth through acquisitions.
CPU Price at posting:
$25.41 Sentiment: Hold Disclosure: Held
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