(CercleFinance.com) – UBS raises its recommendation on Mediobanca from ‘neutral’ to ‘buy’ with a price target raised from 13.1 to 14.1 euros, a new target which contains a potential increase of 20% for the title of the Italian bank.
The broker justifies this increase in advice by ‘the emphasis on the wealth management activity, the defensive net interest income profile and the attractive returns on capital with a return of around 13% over 2024-26’ .
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