Forbar downgrades NZX to underperform
Fee compression, capital markets headwinds and a sluggish outlook for its wealth platform all weighing on potential, analysts say.
Analysts at Forsyth Barr have downgraded their rating of the NZX from 'neutral' to 'underperform', on the view that the stock exchange operator's sustainable growth level is lower than market expectations.
In February , the NZX said it was
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