Barclays a 'buy' with European investment banks now too cheap to ignore
Portfolio Pulse from
UBS has raised its price target for Barclays, maintaining a 'buy' recommendation due to strong growth prospects in investment banking. UBS prefers European banks like Barclays and Deutsche Bank over US banks like Goldman Sachs and Morgan Stanley, citing a valuation discount.
January 13, 2025 | 12:45 pm
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NEUTRAL IMPACT
UBS prefers European banks like Barclays and Deutsche Bank over US banks such as Morgan Stanley, citing a significant valuation discount.
While UBS's preference for European banks over US banks like Morgan Stanley suggests a competitive disadvantage, it does not directly impact Morgan Stanley's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
UBS has increased its price target for Barclays, maintaining a 'buy' recommendation due to strong growth prospects in investment banking. Barclays is preferred over US banks due to a significant valuation discount.
UBS's increased price target and 'buy' recommendation for Barclays, along with the preference for European banks over US counterparts, suggests positive sentiment and potential stock price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80