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Morgan Stanley downgrades Lloyds Banking (LYG) to a Hold

Lloyds Banking (LYGResearch Report) received a Hold rating and price target from Morgan Stanley analyst Alvaro Serrano today. The company’s shares opened today at $1.93.

According to TipRanks, Serrano is a 3-star analyst with an average return of 3.6% and a 46.15% success rate.

Lloyds Banking has an analyst consensus of Hold.

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The company has a one-year high of $2.87 and a one-year low of $1.70. Currently, Lloyds Banking has an average volume of 11.02M.

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UK-based Lloyds Banking Group Plc is a financial services company, which provides a wide range of banking and financial services. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth.

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