UK's Aberdeen rises as Citi upgrades to 'buy', sees more upside potential

Aberdeen

15/05/2026 09:14

** Shares of British money manager Aberdeen ABDN.L rise 2.12% to 230.8p

** Citigroup upgrades stock to "buy" from "neutral" and raises PT to 265p from 225p, an upside of 17.2% to Thursday's close

** Brokerage says ABDN shares have risen over the past month, outperforming most traditional asset managers

** Citigroup sees strong upside potential for investors, driven by possible gains beyond current expectations, re-rating opportunities in key businesses, and attractive optionality

** Average rating from 15 analysts is "hold"; median PT is 213.5p - data compiled by LSEG

** As of last close, ABDN stock up nearly 11% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))