London Stock Exchange Group PLC (LSE:LSEG) has received a small price target bump up from Barclays PLC (LSE:BARC) following its financial results last week.
Underlying annual profits rose by 6% to £3.7 billion though the pre-tax number eased 3.7% lower to £1.9 billion due to a faster rate of depreciation, according to the statement.
Barclays said it was making limited earnings increases following the results.
“While FX elements increased 2023 opex and finance costs, our new estimates reflect the revenue momentum building across a broad number of segments as the Microsoft collaboration is set to launch shortly.
“We raise our price target to £102 and reiterate our overweight rating.”
Shares were up slightly at £90.38 on Monday.