1102 GMT - Uncertainty around the potential costs that BNP Paribas could face from a Sudan-related litigation prompts Barclays to downgrade its rating on the French bank's stock. "The risks have increased, which we think will cap the potential rerating for months," analysts Flora Bocahut and Rachel Brady write. The bank intends to appeal but the average outcome of such procedure is around eight months, meaning that this will weigh on the stock until there is clarity. On the positive side, a lot of the risk is already in the share price, they note. The stock has lost 9% in the week to date and trades at 67.84 euros. Barclays cuts its rating on BNP Paribas stock to equalweight from overweight and lowers its price target to 80 euros from 94 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
October 22, 2025 07:03 ET (11:03 GMT)
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