Morgan Stanley upgraded Lloyds Banking (LYG) to Overweight from Equal Weight with a price target of 90 GBp, up from 70 GBp. The firm cites the bank’s accelerating net interest income growth and a “more reassuring message” on Motor Finance for the upgrade. There is more to go to the share rally, the analyst tells investors in a research note.
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Read More on LYG:
- Lloyds Banking: Buy Rating Affirmed on Strong NII Growth and Manageable Risks
- Lloyds Banking (LYG) Announces Q2 Dividend: Read On for Important Dates
- Lloyds Banking price target raised to 62 GBp from 55 GBp at JPMorgan
- Lloyds Banking price target raised to 70 GBp from 60 GBp at RBC Capital
- Lloyds Banking Group’s 2024 Earnings Call Highlights
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