Goldman Sachs upgraded Lloyds Banking Group (LYG) to a ‘Buy’ from a ‘Neutral’ on August 5, with a new price target of GBP 0.99. The upgrade reflects confidence in improving fundamentals and revenue diversification. The company reassured investors that any motor finance issues will not have a significant impact. LYG is expected to increase profitability and offer attractive capital returns through dividends and buybacks. With a compound annual growth rate of 8% through 2027, Lloyds’ core revenue is projected to outperform the sector average. LYG offers a range of banking and financial services primarily for retail and commercial customers.

Read more at Yahoo Finance: Goldman Sachs Upgrades Lloyds Banking Group (LYG) to a ‘Buy’ on Improving Fundamentals