(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Intesa Sanpaolo with a price target raised from 4.05 to 4.2 euros, a new target implying a potential increase of 23% for the company’s shares. Italian banking establishment.
‘Although it does not have a differentiated valuation and distribution angle like UniCredit, we see Intesa Sanpaolo supported by a solid revenue profile and well-known intrinsic qualities,’ says the broker.
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