
RBC Capital Markets upgrades Rathbones RAT.L to "outperform" from "sector perform"; raises PT to 2,000p from 1,850p
Expects Investec Wealth integration to translate to more meaningful earnings benefits for the British wealth manager FY25 onward
Last month, RAT appointed former Man Group EMG.L CFO Jonathan Sorrell as its chief executive designate
RBC says, "Timely arrival of new management offers an opportunity for further strategic progression to ensure enlarged franchise achieves its organic growth potential"
Stock rated "hold" on avg; median PT is 2,142p, per data compiled by LSEG
As of last close, RAT down 6% this year