Barclays upgrades Schroders to ‘overweight’

(Sharecast News) – Barclays upgraded its stance on Schroders on Thursday as it took a look at European diversified financials.
The bank lifted Schroders to ‘overweight’ from ‘equalweight’ and upped the price target to 530p from 510p.

“We change our preference among the large, conventional asset managers, moving Schroders to OW due to a combination of the key takeaways from our on-the-ground China work, our positive view on the UK wealth segment and its weakened valuation,” it said.

In the same note, Barclays downgraded French asset manager Amundi to ‘equalweight’ from ‘overweight’ and cut the price target to €68 from €74on the back of China-sourced and Italy-based concerns.

Related Articles

Sign up to the Wealth DFM Newsletter

Name

Trending Articles

Wealth DFM Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

Wealth DFM Talk Podcast – listen to the latest episode

Wealth DFM
Privacy Overview

Our website uses cookies to enhance your experience and to help us understand how you interact with our site. Read our full Cookie Policy for more information.