Broker Recommendations

Berenberg lifts StanChart price target

By Michele Maatouk

Date: Monday 26 Feb 2024

(Sharecast News) - Berenberg upped its price target on 'buy' rated Standard Chartered on Monday to 1,050p from 1,000p as it said that growth and returns are undervalued.
Berenberg said the 2023 results last week "provided clear confirmation that recent improvements in the bank's returns can be sustained".

"Importantly, revenues...

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