No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - RBC Capital Markets upgraded Aberdeen to 'sector perform' from 'underperform' on Wednesday and hiked the price target to 195p from 140p, reflecting improvements across its three segments.
The bank said the earnings recovery was now "on firmer footing".
It said second-quarter net flows signalled a potential turning point, with I&RW net flows (ex-liquidity) turning positive and Advisor showing sustained momentum.
"Further, ii remains a reliable earnings driver, supported by resilient treasury income," RBC said.
"So, although uncertainty persists - including competitive pressures and subdued equities investment performance - we forecast 7% per annum earnings growth over FY25-27.
"With shares now trading in line with the five-year average, and listed peer SOTP valuation, shares appear fairly valued, and we see reduced scope for underperformance."
At 1025 BST, the shares were up 06% at 196.55p.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.