Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Westpac Banking Corporation (WBK) Share Price

Press coverage about Westpac Banking Corporation (NYSE:WBK) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westpac Banking Corporation earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.2101866726436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several brokerages have weighed in on WBK. Zacks Investment Research downgraded Westpac Banking Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Morgan Stanley upgraded Westpac Banking Corporation from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 20th. Citigroup Inc. upgraded Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Westpac Banking Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) upgraded Westpac Banking Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Westpac Banking Corporation currently has a consensus rating of “Buy” and a consensus target price of $28.00.

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Westpac Banking Corporation Company Profile

Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.

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