Citi upgrades Aberdeen Group to 'buy' with 25% total return potential

Citi has upgraded Aberdeen Group PLC (LSE:ABDN) to buy from neutral, setting a new target price of 265p and arguing that the asset manager's recent share price gains have only partially reflected the upside available to investors. The stock has risen around 10% over the past month, outperforming the majority of traditional asset managers, but Citi said there remains plenty to play for and was up 5.4% at 238.3p on Friday.