LONDON (ShareCast) - Jefferies raised its rating on Lloyds Banking Group to buy from hold and upped the target price to 102p from 88p Tuesday, saying that the earnings downgrade cycle has troughed for the bank. "Investors are looking to invest in shares of banks which have de-risked, are returning capital, have positive earnings momentum and are easily understood," said Jefferies, noting that Lloyds is moving in the right direction on all counts.
Eurozone final q1 pmi at a 10 month high. wids,bond markets?,i I kow theyre hedging higher,in the last week or two,but lets face it,theyve been well and truly thrashed in the last year,even pimco as been overtaken by vanguard,for the top spot.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.