HSBC Upgrades Royal Bank of Scotland (RBS) to Hold

HSBC upgraded Royal Bank of Scotland (NYSE: RBS) from Reduce to Hold.

Analyst Robin Down comments "...we believe the business is well positioned to hit its mediumterm (2020) targets: essentially a 12% ROTE with a 13% CT1 ratio, largely driven by a GBP2bn absolute cost reduction from the 2016 actual level."

For an analyst ratings summary and ratings history on Royal Bank of Scotland click here. For more ratings news on Royal Bank of Scotland click here.

Shares of Royal Bank of Scotland closed at $6.70 yesterday.

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