MARKETS SPECTATOR: Westpac's rating whittled

Nomura's downgrade of Westpac from buy to neutral indicates a growing sentiment that the financial stocks may be seeing a pause on their stellar run.

Nomura has downgraded Westpac to neutral from buy.

It’s time to move to a more cautious view of the banking sector, especially Westpac according to Japanese investment bank Nomura.


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