Business
Morgan Stanley rates BOQ as Equal-weight
Morgan Stanley rates BOQ as
About this update from Morgan Stanley
Morgan Stanley retains a Cautious view on the banking sector. The broker believes the proposed changes to tax concessions will end the 30-year housing super cycle and change the outlook for residential mortgage growth.The analyst has downgraded earnings forecasts for housing loan growth to an average of around 3% in FY27 and reduced EPS estimates by an average of -3% to -5%. Target prices have, on average, been downgraded by -6%.Bank of Queensland retains an Equal-weight with a lower target price of $6.30 from $6.40. EPS forecasts are lowered by circa -3% for FY27 and -4% for FY28.Industry view: Cautious. Sector: Banks.Target price is $6.30.Current Price is $6.09. Difference: $0.21 - (brackets indicate current price is over target). If BOQ meets the Morgan Stanley target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).© 2026 Acquisdata Pty Ltd., source FN Arena