Bank of America Corp. upgraded shares of Credit Suisse Group AG (NYSE:CS) from a neutral rating to a buy rating in a research report released on Monday. Bank of America Corp. currently has $16.00 price objective on the stock.

CS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Credit Suisse Group AG from a strong sell rating to a buy rating and set a $15.00 target price for the company in a report on Tuesday, October 11th. Keefe, Bruyette & Woods raised shares of Credit Suisse Group AG from a market perform rating to an outperform rating in a report on Thursday, November 10th. Finally, Macquarie cut shares of Credit Suisse Group AG from an outperform rating to a neutral rating in a report on Friday, November 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Credit Suisse Group AG has an average rating of Hold and an average price target of $17.24.

Credit Suisse Group AG (NYSE:CS) opened at 14.26 on Monday. The company’s 50-day moving average is $13.51 and its 200 day moving average is $12.76. Credit Suisse Group AG has a 1-year low of $10.01 and a 1-year high of $23.38. The company’s market cap is $29.78 billion.

A number of large investors have recently made changes to their positions in CS. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Credit Suisse Group AG during the second quarter valued at $1,134,000. Midas Management Corp acquired a new stake in shares of Credit Suisse Group AG during the second quarter worth about $975,000. Traynor Capital Management Inc. acquired a new stake in shares of Credit Suisse Group AG during the second quarter worth about $110,000. FNY Managed Accounts LLC acquired a new stake in shares of Credit Suisse Group AG during the second quarter worth about $1,359,000. Finally, Bank of Montreal Can acquired a new stake in shares of Credit Suisse Group AG during the second quarter worth about $258,000. 2.16% of the stock is owned by institutional investors.

About Credit Suisse Group AG

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

5 Day Chart for NYSE:CS

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