The announced accident is not good advertising but belongs to an operating risk which is covered (and remunerated) with dedicated equity. We see no reason to over-interpret the block sale that followed the announcement. Based on the past correlation, we believe that the rapid rise in US rates should be strongly supportive for the stock. The recent share price underperformance provides a strong Buy opportunity in our view.
29 Mar 2022
The misfortune of some is the happiness of others
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The misfortune of some is the happiness of others
Barclays PLC (BARC:LON) | 184 3.1 0.9% | Mkt Cap: 27,692m
- Published:
29 Mar 2022 -
Author:
David Grinsztajn -
Pages:
2
The announced accident is not good advertising but belongs to an operating risk which is covered (and remunerated) with dedicated equity. We see no reason to over-interpret the block sale that followed the announcement. Based on the past correlation, we believe that the rapid rise in US rates should be strongly supportive for the stock. The recent share price underperformance provides a strong Buy opportunity in our view.