Danske Bank: shares crawl higher after UBS report.
(CercleFinance.com) - Shares of Danske Bank are up on Thursday, after UBS upgraded its rating to "buy", making the stock its top pick among Scandinavian banks.
Danske Bank shares were up 0.5% to 252 Danish kronor in late-morning session today, outperforming the broader Danish market which was 0.2% higher.
UBS - which has also raised its target price from 243 Danish kronor to 300 Danish kronor - said the upgrade reflects a combination of high capital return and growth at an attractive valuation.
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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.
Danske Bank shares were up 0.5% to 252 Danish kronor in late-morning session today, outperforming the broader Danish market which was 0.2% higher.
UBS - which has also raised its target price from 243 Danish kronor to 300 Danish kronor - said the upgrade reflects a combination of high capital return and growth at an attractive valuation.
Copyright (c) 2017 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.