Morgan Stanley replaced Commerzbank (CRZBY) with Barclays (BCS) as its Top Pick in the European banking space. The firm believes the valuation of the sector remains attractive, but acknowledges the macro picture in the U.S. “needs to clear.” The analyst’s estimates remains 10% above consensus for Barclays.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCS:
- Barclays price target raised to 270 GBp from 250 GBp at RBC Capital
- Barclays (BCS) Unveils Dividend Details for Q3: Mark Your Calendar!
- Barclays price target raised to 290 GBp from 280 GBp at Berenberg
- Barclays intends to initiate up to GBP 750M share buyback
- Barclays targeting RoTE of greater than 12% in 2026