Goldman Sachs analyst Gurpreet Singh Sahi upgraded Standard Chartered to Buy from Neutral with a price target of 868 GBp, down from 879 GBp. The firm believes Standard Chartered is set to show a rare out-performance relative to its bank peers over the next two years, expecting it to print a double-digit EPS CAGR and show c2.7pp ROE improvement vs a low single-digit EPS CAGR and declining ROE at peer banks.
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