Morgan Stanley has an “overweight” rating and a 210p target price on the telecoms giant. While first half figures were disappointing, the broker wants to see more progress in Europe.
Investec rates the bank “buy” with a target of £18. The broker points out that StanChart is one of just two UK banks expecting to grow revenues this year.
Charles Stanley has cut its rating from “buy” to “reduce” and has a target of 160p. The broker recommends taking profits amid signs of a sector slowdown affecting the firm’s growth.