Morgan Stanley upgraded NatWest Group to overweight from equal weight on Wednesday. The investment bank also increased its price target for the stock. Jefferies Financial Group simultaneously reiterated its buy rating on the company.
NatWest continues its share repurchase program as a commercial capital return strategy. Recent analyst reports show a generally positive consensus toward the bank’s performance.
The stock reached a new 52-week low during Wednesday's trading session. This decline occurred despite the bullish endorsements from major financial institutions.