Unicredit: UBS still a buyer, adjusts TP

(CercleFinance.com) - UBS has reiterated its "buy" recommendation on UniCredit shares, nudging up its target price for them from 14.
45 euros to 14.65 euros, with the latter suggesting upside potential of 29% for the Italian banking institution's share.

"3Q results solidify UCG's narrative into the CMD in December," the broker said, adding that " Valuation remains very attractive when excess capital is stripped".


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