Bloomberg News

Barclays Raised to ‘Hold’ From ‘Sell’ at Shore Capital

February 14, 2012

(Corrects to remove target price reference in first paragraph.)

Feb. 14 (Bloomberg) -- Barclays Plc was upgraded to “hold” from “sell” by Gary Greenwood, an analyst at Shore Capital Group Ltd., as the shares traded at about 240 pence.

“With further positive earnings revisions possible and the need for another capital injection seeming increasingly unlikely, we can no longer justify a negative stance on the shares,” Greenwood said in a note to clients today.

--Editor: Edward Evans

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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