Allied Irish Banks: UBS upgrades sell rating
(CercleFinance.com) - UBS has upgraded its "sell" rating on Allied Irish Banks to "neutral," having adjusted its target price for the share from 4.
30 euros to 4.05 euros, which suggests upside potential of 4% for the Irish financial institution.
The broker justifies this upgrade as the share has fallen by around 30% since the start of the year, and believes that the negative outlook on earnings is "largely reflected by the market".
Copyright (c) 2018 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.
30 euros to 4.05 euros, which suggests upside potential of 4% for the Irish financial institution.
The broker justifies this upgrade as the share has fallen by around 30% since the start of the year, and believes that the negative outlook on earnings is "largely reflected by the market".
Copyright (c) 2018 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.