Commerzbank: UBS maintains buy rating
(CercleFinance.com) - UBS confirms its buy rating on the Commerzbank stock, with a target price of E16.
3, after updating its return on capital policy.
The analyst believes that the Group has taken "Steps in the right direction and clarity on SBB hurdles".
"But near term payout upside to consensus is not large," UBS adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3, after updating its return on capital policy.
The analyst believes that the Group has taken "Steps in the right direction and clarity on SBB hurdles".
"But near term payout upside to consensus is not large," UBS adds.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.