KBC: UBS raises target price

(CercleFinance.com) - Maintaining its "neutral" rating on KBC shares, UBS has raised its target price for them from 67 euros to 72 euros, which is pretty much in line with its current price, considering that 2025 forecasts seem ambitious - both in terms of revenues and costs.


The broker has raised its forecasts for the Belgian bank, although still considers that the stock is trading close to its fair value, adding that updated medium-term forecasts appear optimistic - both in terms of revenue and costs.


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