RBS – I Can See Clearly Now: Jefferies

The Royal Bank of Scotland will move from a restructuring story centered on shedding non-strategic businesses and unwinding legacy assets to a core earnings story over the next 18 months, according to research firm Jefferies. Joseph Dickerson and team at Jefferies in their February 9, 2015 research note titled: “I Can See Clearly Now” have revised their price target for RBS up to 530 p from 500 p. RBS group’s earnings visibility to improve According to the Jefferies analysts, over the next 18 months, RBS will move from a restructuring story centered on shedding non-strategic businesses (such as Citizens) and…