Barclays price target upgrade from American investment bank

JP Morgan has increased its price target for Barclays PLC (LSE:BARC) from 200p to 220p, emphasising the potential value unlocked through the bank's strategic evaluation of its Merchant Acquiring business. This operation, integral to processing credit and debit card transactions for businesses, is reportedly worth around £1 billion.  The investment bank's analysis suggests that any transaction involving Barclays' Merchant Acquiring business would likely necessitate considerable investment in technology infra ...