• Return to Headlines

Upgrade Alert for Credit Suisse Group (CS)

By Shiri Gupta

Credit Suisse Group (NYSE:CS) was upgraded from Neutral to Buy at UBS today. The stock closed yesterday at $13.46 on volume of 5.2 million shares, above average daily volume of 3.0 million.

Credit Suisse Group AG is an international financial services group. The Group provides investment banking, private banking, and asset management services to customers located around the world.

Credit Suisse Group has overhead space with shares priced $13.46, or 43.5% below the average consensus analyst price target of $23.82. Credit Suisse Group shares should first meet resistance at the 50-day moving average (MA) of $14.71 and find additional resistance at the 200-day MA of $20.95.

Over the past year, Credit Suisse Group has traded in a range of $12.56 to $29.99 and closed yesterday at $13.46, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 1.3%.

SmarTrend is tracking the current trend status for Credit Suisse Group and will alert subscribers who have CS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades credit suisse group

Ticker(s): CS