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Fly News Breaks for July 16, 2019
LYG
Jul 16, 2019 | 04:58 EDT
JPMorgan analyst Raul Sinha downgraded Lloyds Banking Group to Neutral from Overweight and lowered his price target for the shares to 70 pence from 80 pence. The analyst sees a rising likelihood of a no-deal Brexit, which he believes would pressure Lloyds' earnings and revenue.
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