NatWest Group PLC received positive attention from two major investment banks on Tuesday. Barclays upgraded the British lender to overweight from equal weight and raised its price target, signaling a more optimistic view of its prospects.
JP Morgan reaffirmed its overweight stance on European banks and named NatWest one of its top sector picks. The bank said a recent sell-off in European banking stocks, driven by rising bond yields, had created a buying opportunity. It cited NatWest’s strong capital position and potential for earnings growth.