Credit Suisse analyst Omar Keenan upgraded Standard Chartered to Neutral from Underperform with a price target of 565 GBp, up from 555 GBp. The analyst cites valuation for the upgrade after a 25% fall in the share price from the peak. The firm maintains a "fundamentally more cautious earnings view" on 2024 and 2025 than consensus, but says there is a possibility of further news flow in the next few months as U.K. Takeover Code Rule 2.8 restrictions roll off.
Published first on TheFly
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