Barclays Share News (BARC)

While Nomura notes that the Barclays full-year figures came in below expectations, owing to a shortfall in revenue, it maintains its buy rating and 268p target price for the UK lender.Nomura says that Barclays still represents a group with limited exposure to legacy risk positions and requires little balance sheet restructuring, however the business mix implies that the RoE outlook is challenged.With the shares trading at 0.6 times tangible book value, Nomura foresees further upside in the current, more positive, background for the sector."However, the absence of positive surprises in today's figures may result in some disappointment in the short term," the broker concluded.UBS has raised its target price for mining giant Rio Tinto by 7% and reiterated its buy recommendation after second half figures came in above expectations.The new 5,700p target price (up from 5,300p previously) is based on a 10% discount rate to net present value (NPV) which has increased as UBS has rolled it forward 12 months. "Rio remains our preferred diversified play, trading at discount to BHP [Billiton]/ 33% discount to NPV. Near-term we expect performance to be driven by macro newsflow/risk appetite," the broker said.Credit Suisse has jacked up its target price for Holiday Inn and Crowne Plaza owner InterContinental Hotels (IHG) by almost a third, from 1,182p to 1,514p, saying that resilience in the US has driven a 12% upgrade to earnings per share (EPS) forecasts."The strong recent run in IHG shares (up 36% since late Nov) precludes us from upgrading our [neutral] rating ahead of FY results but signs of robust US trading support 12% EPS upgrades as we move to an assumed 4% RevPAR [revenue per available room] growth for 2012," analysts said. Previously, the broker had assumed 0% RevPAR growth.Credit Suisse says the improved US outlook is due to a confident US proprietary corporate spend survey, solid corporate forward bookings and a year-to-date run-rate of 8% US RevPAR growth. BC