(CercleFinance.com) – UBS lowers its estimates due to elements
exceptional events and increased macroeconomic risk.
The analysis office, however, confirms its advice to buy but lowers its target price to 14.5 E (against 16 E).
‘We are lowering the forecast ahead of earnings due to one-off items, lower long-term lending rates and increased macroeconomic risks. The valuation remains attractive, we reiterate the purchase’ indicates UBS.
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