ICG price target raised to 2,550 GBp from 2,470 GBp at Citi

Citi analyst Nicholas Herman raised the firm’s price target on ICG (ICGUF) to 2,550 GBp from 2,470 GBp and keeps a Buy rating on the shares, in a sector note on European Brokers & Asset Managers. The firm calls alternative asset managers its “most preferred sub-sector within European Div Fins,” and believes fundamentals are “improving and continued recovery in deal activity should drive re-rating.”