BUZZ-Barclays: hits 3-wk low amid bearish broker commentary

Tue, 22nd Mar 2016 09:24

** Barclays down as much as 3.4 pct at a 3-week lowof 155p

** Goldman Sachs cuts PT to 265p from 310p citing weakerinvestment banking revenue trends and the planned disposal ofBarclays Africa

** GS, however, says BARC stands out as least impacted bychallenging market conditions among the investment banks thathave so far provided guidance on YTD revenue trends; RatesBarclays as "buy"

** Also, HSBC cuts to "hold" from "buy", reduces PT to 190pfrom 230p

** Stock top loser on FTSE 350 Banks Index,which is down 0.8 pct

(RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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