Barclays 'Ambitious' Revenue Targets Have Buzzkill To Contend With

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Earlier today in London, Barclays announced some very exciting news- it "intends to generate additional revenue of as much as 6.4 billion pounds ($10.4 billion)" by 2013. Sounds great, right? Everyone else thought so too. Everyone except one analyst henceforth known as Debbie Downer, whose response suggested he's of the belief you can't just tell people your plan is to generate eleventy billion dollars of additional revenue by some random target date and have the market instantly absorb it as fact, propelling your stock to previously unseen heights.

“This looks like a pretty ambitious target to set,” Alex Potter, an analyst at Berenberg Bank who has a “buy” rating on the bank and a 310 pence a share target, said. “They’re going to have to give the market quite a lot of detail on exactly where this is coming from before the market will believe them.”

Barclays Sets ‘Ambitious’ Target of $10.4 Billion in Extra Revenue by 2013 [Bloomberg]

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