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Fly News Breaks for October 18, 2019
RBS
Oct 18, 2019 | 07:30 EDT
JPMorgan analyst Raul Sinha upgraded Royal Bank of Scotland to Overweight from Neutral with a price target of 280 pence, up from 210 pence. Following the developments on Brexit, domestic U.K. and Irish banks are likely to "re-rate further," even if the U.K. parliament does not vote in favor initially, as long as the probability of no deal remains low, Sinha tells investors in a research note. He thinks investors should be looking to add exposure and that RBS offers the "best re-rating potential."
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