NatWest struck off Goldman’s conviction list amid worries over UK mortgage pricing

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Analysts at the US bank also trimmed their target prices for NatWest, Barclays and Virgin Money on the back of what they said were the "headwinds" in the UK mortgage market () has been taken off ()’ conviction list as the investment bank flagged “headwinds in UK mortgage pricing”. In a note on the UK banking sector published late on Wednesday, Goldman’s analysts retained NatWest at ‘buy’ but cut their target price for the blue-chip bank to305p from 320p. Goldman also knocked () to 270p from 280p and lowered () to 210p from 225p, retaining both at ‘buy’ and ‘neutral’ respectively. READ: NatWest Group to yield 13-14% in 2022/23 by Deutsche Bank's calculations “Since the beginning of 2020, UK banks have seen cumulative net inflows of retail and corporate deposits of £370bn, with overall domestic loans growing by only £100bn over the same period, mostly driven by mortgages. This has resulted in a substantial increase in excess deposits trapped in t
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