Lloyds Banking price target raised to 76 GBp from 59 GBp at Jefferies

Jefferies raised the firm’s price target on Lloyds Banking to 76 GBp from 59 GBp and keeps a Buy rating on the shares following a transfer of coverage. The firm sees the UK domestic banks “offer unique exposure to swaps that are bigger, lower yielding and more heavily marked than the rest of Europe.”