Barclays: UBS raises target price

(CercleFinance.com) - UBS has reiterated its 'buy' rating on Barclaysshares, increasing its target price for them from 200 pence to 230 pence, a new TP that has 40% upside potential for the British bank's shares, following its earnings release last week.


"The bull case here isn't whether the firm makes a 10% ROTE or 12%. It's whether the planned execution and capital allocation are attractive", the broker says, believing that "now they are".


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