(CercleFinance.com) – While maintaining its ‘neutral’ position on KBC Group, UBS lowers its price target from 65 to 61 euros, despite raising its expectations for the Belgian banking establishment after its results under of the first quarter of 2022.
“We continue to see downside risks to the consensus forecast, primarily due to higher costs, while we believe rate hikes are largely priced in,” the brokerage said in its rating summary.
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