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Jupiter & Henderson Hargreaves 150+ exclusion cheers brokers
by Dylan Lobo on Mar 03, 2014 at 09:58
Meanwhile, Numis believes 150+ will help Hargreaves retain customers in the competitive RDR II pricing world, with investors with DIY inclinations more focused on cost rather than alternatives.
Numis analysts James Hamilton and David McCann, who rate the stock a hold with a £12.30p price target.
‘While Hargreaves Lansdown will undoubtedly lose some customers as a consequence of RDR II we believe the vast majority will remain with the group with substantial new numbers joining the group for a combination of service, security, price and convenience.’
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