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Fly News Breaks for September 12, 2018
LYG, RBS
Sep 12, 2018 | 06:21 EDT
Goldman Sachs analyst Martin Leitgeb upgraded RBS (RBS) to Buy with a 345p price target, which implies 38% upside from current share levels. The company is well positioned to "weather intense mortgage competition," Leitgeb tells investors in a research note. Further, despite having made "strong progress" in working through legacy issues, RBS continues to trade at a meaningful discount to Lloyds (LYG), the analyst contends. He believes the discount is unwarranted.
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