Bank Leumi upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Tavy Rosner upgraded Bank Leumi to Overweight from Equal Weight with an unchanged price target of ILS 46. Israeli banks delivered record return on equity in Q3, driven by significant loan growth across the system, Rosner tells investors in a research note. The analyst sees the banks well prepared to weather any slowdown and believes Bank Leumi’s recent underperformance presents an attractive entry point.