Bank of Queensland has announced the departure of its CEO, with its board believing different leadership is required. Morgan Stanley highlights this follows the departure of the bank's CFO, CRO and Head of Business Banking since mid-2021.

Morgan Stanley expects the announcement will add to investor concerns around progress of the bank's multi-year strategic transformation.

The Equal-weight rating and target price of $8.30 are retained. Industry view: In-Line.

Sector: Banks.

Target price is $8.30.Current Price is $7.56. Difference: $0.74 - (brackets indicate current price is over target). If BOQ meets the Morgan Stanley target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena