Jefferies analyst Julian Roberts upgraded the rating on abrdn (ABDN – Research Report) to a Buy today, setting a price target of p215.00.
Julian Roberts has given his Buy rating due to a combination of factors that indicate a positive outlook for abrdn. The company’s recent fiscal year results were well-received, and the 2026 targets appear realistic and achievable, showcasing potential growth in currently underperforming segments. The strategic use of the DB surplus to fund some DC obligations has also contributed to a favorable view.
Additionally, there has been a significant improvement in investment performance, with a notable swing in flows and a large percentage of assets under management meeting or exceeding benchmarks. New management and a focus on core strengths, along with cost-saving measures, suggest that achieving an adjusted profit before tax of £100m by 2026 is feasible. The business’s ability to generate inflows, turn a profit, and maintain a strong dividend cover supports the expectation of a re-rating from its current valuation.
According to TipRanks, Roberts is ranked #7215 out of 9384 analysts.
In another report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a £2.00 price target.