Dec 20th - At the same time, Bear Stearns (NYSE: BSC - news) lifted its target on Barclays to 930 pence from 876 and highlighted the stock as its favourite of the four largest UK banks.
Dec 22nd 2006
JP Morgan has issued a note on the UK Banks, in which they reiterate underweight on Alliance & Leicester (LSE: AL.L - news) (cutting the price target to 930p from 940p), Bradford & Bingley (raising the target to 480p from 470p), HBOS (raising the price target to 1160p from 1130p) and Lloyds TSB , they have overweight on Royal Bank of Scotland (LSE: RBSPF3.L - news) (raising the price target to 2400p from 2270p) and neutral on Barclays (LSE: BARC.L - news) (raising the price target to 730p from 710p) and Northern Rock (LSE: NRK.L - news) (raising the price target to 1250p from 1180p).
Jan 2nd 2007
Dresdner Kleinwort cast an eye over the banking sector, noting that Royal Bank of Scotland (LSE: RBSPF3.L - news) is its top choice in the sector for 2007.
The German broker repeated "buy" advice on Royal Bank of Scotland and HBOS (LSE: HBOS.L - news) and lifted its price targets to 2,350p and 1,120p respectively.
Barclays (LSE: BARC.L - news) was kept as a "hold" with price target of 725p, while Northern Rock (LSE: NRK.L - news) was kept as "add" with a target of 1,290p. Dresdner added that it does not expect any UK bank to be taken over this year
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