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Fly News Breaks for January 10, 2018
RBS, BCS, LYG
Jan 10, 2018 | 07:55 EDT
Morgan Stanley analyst Alvaro Serrano downgraded Lloyds Banking (LYG) to Equal Weight, saying that while he is more optimistic on its margin outlook than consensus he sees the stock having less room for a re-rating than peers given its current valuation. Serrano also downgraded Barclays (BCS) to Equal Weight and upgraded RBS (RBS) to Overweight this morning.
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