0936 GMT - Shares in Raiffeisen Bank International have limited upside despite an improvement in the Austrian lender's fundamentals, Barclays says in a research note. The stock has rallied in the past 12 months, mostly on geopolitical optimism after speculation around a potential peace deal between Russia and Ukraine after Trump's election. Given the recent escalation in sanctions against Russia and limited progress on a deal, signaling that the path forward will likely be prolonged and uncertain, analysts adopt a more cautious view. Barclays downgrades its rating on the stock to equalweight from overweight and maintains its 29 euro target price. "We suspect the current valuation may already reflect a best-case scenario, thus leaving limited room for upside should geopolitical risks persist or intensify," they write. Shares are flat at 29.86 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
September 30, 2025 05:36 ET (09:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.