HSBC upgraded St. James’s Place to Buy from Hold with a price target of 1,430 GBp, up from 1,300 GBp. The company’s margin guidance is better than expectations and pension regulation changes "could be incrementally helpful," the analyst tells investors in a research note. The firm says the shares should perform with a recovery in financial markets and an improvement in investor confidence going forwards, which should help the company get back on track to achieve its 2025 ambitions.
Published first on TheFly
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