Deutsche Bank Upgrades Lloyds Banking Group (LYG) to a Buy
More News related to LYG
- Lloyds (LYG) Jumps as Citi Upgrades to Buy Intraday
- Credit Suisse & Exane BNP Upgrade Lloyds Banking Group (LYG)
- Morning Movers 10/29: ROIAK, GIGA, HS, TBL, KDN, CATM Higher; TSPT, CPF, CYTK, KSP, FSLR, CLUB, PODD Lower
- Lloyds Banking (LYG) Considering Substantial Capital Raise
- Notable Analyst Rating Changes for 10/20: BAC, AMZN, F, BBT, DTE Upgrade; BSX, LEAP/PCS, BA, WFT, GME Downgrade
More News related to Upgrades
- Schnizer Steel (SCHN) Beginning to Rally Following DA Davidson Upgrade
- Novellus (NVLS) Shares Spike Higher as DA Davidson Upgrades to Buy
- Gaylord Entertainment (GET) Upgraded at Gabelli; Stock Turns Positive
- BB&T Capital Upgrades The Andersons (ANDE) to Buy
- Caris & Co Upgrades Carmike Cinemas (CKEC) to Above Average
Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) to a Buy.
Deutsche analsyt says, "We see LBG as trading at 5.6x / 6.5x normalised EPS assuming APS entry/self insurance with a £14.5bn rights issue. Though avoiding the APS may strengthen the case with the EU we appreciate the short term certainty, higher long term EPS and surplus capital of the APS route. That said, with the stock trading at 10.5x forward EPS pre-crisis we see upside in either case and see the 15% pullback in the share from recent highs as an opportunity. Our fair multiple is increased to 7.5x from 6.5x, TP from 100p to 115p. Upgrade to Buy given 24% upside."
To see more analyst ratings on LYG Click Here.
Lloyds Banking Group plc provides banking and financial services in the United Kingdom, the United States, and Europe.
Related Categories
UpgradesStocks Mentioned
-0.18Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
