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Mizrahi Tefahot Bank upgraded to Overweight from Underweight at Barclays

Barclays analyst Tavy Rosner double upgraded Mizrahi Tefahot Bank to Overweight from Underweight with an unchanged price target of ILS 160. The analyst consolidated domestic Israeli stocks into a new "Israel Equities" coverage universe. The firm’s top-down analysis suggests "there are significant pockets of value in Israel, supported by the resilient macro." It sees 16%-80% potential upside across the space, with banks and real estate leading.

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Published first on TheFly

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