BAP 0.60% $4.95 bapcor limited

MORGAN STANLEY DOWNGRADES BAP TO EQUAL-WEIGHT FROM OVERWEIGHT

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    Just in via FNArena, Morgan Stanley rates BAP as Downgrade to Equal-Weight from Overweight.
    Target price falls from $9.70 to $7.80.
    "While there may be a risk of further personnel churn, Morgan Stanley sees little impact upon near-term earnings from the unexpected retirement of Bapcor's CEO".
 
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