Barclays Plc Kept a Hold - Analyst Blog

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Publication: Zacks Investment Research - Analyst Blog

Date: 2008-10-07 00:00:00

Barclays Plc Kept a Hold - Analyst Blog

We are maintaining our Hold on Barclays PLC ( BCS ). The company will report its third quarter trading update on November 17.

We are reducing our EPADS estimates to $3.80 from $4.00 for 2008 and to $4.20 from $4.50 for 2009, mainly due to recent appreciation of the $ against the . We expect results to continue to reflect global markets' turmoil and also the recent $1.75 billion acquisition of Lehman Brothers North American investment banking and capital markets operations, funded with 701 ...

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