Broker snap: Investec downgrades Lloyds after outperformance
Given Lloyds's resilient share price performance so far this year, Investec has downgraded its rating on the bank from 'buy' to 'hold'. Analyst Ian Gordon said: "Up 27%, Lloyds' shareholders can take satisfaction from the stock's year-to-date outperformance against all other UK banks." He said tha
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