Bankinter: shares climb on UBS upgrade

(CercleFinance.com) - The Bankinter share is up almost 2% at 5.
3 euros on Wednesday, outpacing Spain's blue chip IBEX 35 index, after UBS upgraded the share from "sell" to "neutral", due to its recent weakness.

The Swiss broker, which has set a new target price of 5.05 euros, said potential provisions for loan impairments remain the main risk factor to monitor.

The stock has fallen by almost 30% since mid-April.

Copyright (c) 2019 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.