UniCredit: UBS nudges up target price
(CercleFinance.com) - On Monday UBS raised its target price for the UniCredit stock from 20.
3 euros to 20.5 euros, calling the Italian lender a "steady ship."
"We still see the stock as an affordable, low risk option within the sector," UBS analysts wrote in a note to investors.
UBS reiterated its "buy" rating on the stock, saying that the bank's recent "strong" first-quarter figures underpin its positive opinion.
UniCredit shares are currently down 0.8% in Milan.
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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 euros to 20.5 euros, calling the Italian lender a "steady ship."
"We still see the stock as an affordable, low risk option within the sector," UBS analysts wrote in a note to investors.
UBS reiterated its "buy" rating on the stock, saying that the bank's recent "strong" first-quarter figures underpin its positive opinion.
UniCredit shares are currently down 0.8% in Milan.
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.