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Barclays upgraded to Outperform from Neutral at Exane BNP Paribas
The Fly

Barclays upgraded to Outperform from Neutral at Exane BNP Paribas

Exane BNP Paribas analyst Guy Stebbings upgraded Barclays to Outperform from Neutral with a 215 GBp price target. While the U.K. faces a "bleak backdrop," its banking sector is positioned for a re-rating in 2023, Stebbings tells investors in a research note. The analyst says consumer discretionary is trading at a premium to banks, creating opportunities in the latter.

Published first on TheFly

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