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Standard Life Aberdeen upgraded by Barclays

15 August 2017 11:29

Equity research analysts at Barclays Capital have double-upgraded their investment rating on Standard Life Aberdeen (LON:SLA) after Standard Life completed the acquisition of Aberdeen Asset Management.

The bank highlighted the attractive cost synergies of the deal, which it believes could be worth around £200m, along with evidence to suggest that previous headwinds of outflows at GARS and Global Emerging Markets at Aberdeen are receding.

Barclays has hiked its price target by 49% to 510 pence per share (from 343 pence), implying 20.3% potential upside.

At 11:29am: (LON:SLA) Standard Life Aberdeen share price was +5.75p at 429.75p

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