10:35 AM EDT, 05/01/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target price for NatWest Group ( NWG ) to USD17 from USD19. Our target price is derived by applying a P/E multiple to our 2026 EPS forecast. We now apply a target multiple of 8.0x, down from 9.3x, to reflect the more cautious near-term outlook and heightened macroeconomic risks highlighted in the Group's Q1 2026 results. While we lower our rating by a notch, our view is still largely positive, anchored by a compelling valuation discount to peers, sustained structural hedge tailwinds, and proven cost discipline. However, our thesis is now tempered by a more cautious near-term outlook following Q1 results, which revealed emerging macroeconomic headwinds and specific margin pressures. While the long-term strategic expansion into wealth management via Evelyn Partners remains sound, we believe the path to a share price re-rating now requires navigating these more pronounced near-term challenges.