Barclays Share Price Target Raised to 420p
With Barclays (LON: BARC) shares rising this year, the stock has attracted increased attention from financial analysts, resulting in upward revisions of price targets and improved investor confidence.
Morgan Stanley recently raised its price target on Barclays stock to 420p from 400p per share, signaling a bullish outlook on the financial institution.
Despite the target increase on Monday, Barclays shares declined by around 0.4%. So far on Wednesday, the stock is down 0.5%. However, this year, it has gained more than 35%, reaching an intraday high of over 379p on August 11, before pulling back to below 358p.
Morgan Stanley’s previous upgrade of Barclays in 2023 was spearheaded by analyst Alvaro Serrano, who cited the bank’s…
