Rathbone upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Ben Bathurst upgraded Rathbone (RTBBF) to Outperform from Sector Perform with a price target of 2,000 GBp, up from 1,850 GBp. Rathbone is trading at a material discount to peers despite stronger near-term growth and offers sector leading capital returns, the analyst tells investors in a research note.