MARKET TALK: Credit Suisse Nudges Up Lloyds Target

26th Jul 2010 12:32

1132 GMT [Dow Jones] Credit Suisse raises its Lloyds Banking Group (LLOY.LN) price target to 72p from 68p following the stress test results. UK banks screened well on the CEBS test says CS. "Stress-tested Tier I ratios, sovereign bond disclosures and adverse impairment forecasts support our upbeat view on UK domestic banks," says CS. It says Lloyds Banking Group stands out, with the associated disclosure showing it has no exposure to Greek, Irish, Portuguese or Spanish government bonds. Outperform rating. Shares +2.3% at 65p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 26, 2010 07:32 ET (11:32 GMT)