Banco BPM: UBS maintains 'buy' rating after restructuring
(CercleFinance.com) - UBS reiterates its "buy" rating on the Banco BPM share, along with its target price of 2.
95 euros, representing upside potential of 43%, in the wake of the group's announcement of a restructuring of its consumer credit business.
This "Consumer credit reshuffle should reassure investors about BAMI's capital capacity to maximise the NPL disposal plan," says the broker, adding that the " Stock remains cheap, it should react well".
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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.
95 euros, representing upside potential of 43%, in the wake of the group's announcement of a restructuring of its consumer credit business.
This "Consumer credit reshuffle should reassure investors about BAMI's capital capacity to maximise the NPL disposal plan," says the broker, adding that the " Stock remains cheap, it should react well".
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.