Goldman Sachs Upgrades Royal Bank of Scotland (RBS) to Neutral

March 25, 2013 8:53 AM EDT
Get Alerts RBS Hot Sheet
Price: $5.45 -0.55%

Rating Summary:
    2 Buy, 10 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Goldman Sachs upgraded Royal Bank of Scotland (NYSE: RBS) from Sell to Neutral.

"With the market having already moved to price in the likely resulting earnings dilution, and with 23% upside to our revised price target of 360p, we upgrade the stock from Sell to Neutral," said analyst Frederik Thomasen.

For an analyst ratings summary and ratings history on Royal Bank of Scotland click here. For more ratings news on Royal Bank of Scotland click here.

Shares of Royal Bank of Scotland closed at $8.95 yesterday.

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