Barclays: BofA raises target price
(CercleFinance.com) - Bank of America has confirmed its 'buy' recommendation on Barclays shares, raising its target price for them by around 4% to 370 pence, expecting the British bank's management to implement its strategy and believing that its valuation remains attractive.
Looking back at last week's publication, the broker pointed to a solid Q4 2024, with underlying pre-tax profit broadly in line with consensus and new targets for 2025 broadly in line with expectations.
We have left our pre-tax profit forecasts for 2025 and 2026 virtually unchanged, but have reduced our forecast for 2027 by around -5% in view of the exit of American Airlines, BofA points out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Looking back at last week's publication, the broker pointed to a solid Q4 2024, with underlying pre-tax profit broadly in line with consensus and new targets for 2025 broadly in line with expectations.
We have left our pre-tax profit forecasts for 2025 and 2026 virtually unchanged, but have reduced our forecast for 2027 by around -5% in view of the exit of American Airlines, BofA points out.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.