Credit Suisse lifted its price target on Barclays as a result of its revised forecasts following its group strategy update last week.Its analysts now anticipate lower group earnings per share for 2015 (22p versus the previous forecast of 26p) and 2016 (26p versus the previous forecast of 33p). However, after incorporating lower capital requirements as a result of the reduction in risk weighted assets, a non-core value of 20p and a lower cost of equity (CoE), the price target increased to 275p from 260p previously.The estimated return on tangible equity (RoTE) for the 2016 financial year now stands at 9%. The Swiss broker´s cost estimates are the same as those targeted by the lender. However, it sees lower group revenues out to 2016 when compared to 2013. For 2016 it anticipates a 6% drop in group revenues to £26.5bn, with core revenues lower by 2% at £25.2bn. Core non-investment bank (IB) revenues will grow 5% between 2013 and 2016 but core IB revenues will fall to £7.4bn at the end of 2016, versus £8.7bn at the end of 2013, the research house calculated. Core IB revenues are expected to decrease by 11% in 2014 to £7.7bn, with Core Macro and Credit revenues in aggregate seen falling by 21%. The above estimates included additional Tier 1 capital issuance of £1bn per annum between 2014 and 2016, which would allow Barclays to increase its CRD IV leverage ratio to 4.4% by 2016.In parallel Credit Suisse maintained its 'neutral' recommendation on the shares, saying that the stock "is fairly valued".As of 11:49 shares of Barclays were 1.8% lower at 255.4p.AB