(News Bulletin 247) – UBS confirms its advice to buy the stock and raises its target price to 21 E (instead of 20.7 E). The analyst expects a double-digit ROE in the 2nd quarter of 2023.
‘We are making modest upward EPS revisions ahead of the second quarter results and are reiterating our buy rating. We are expecting an interim dividend but no update on share buybacks,” UBS said in its analysis of the day.
According to the broker, for whom there is a significant revaluation potential on the value, ‘attention will probably focus on the trajectory of net interest income and return on capital’ after better than expected quarterly results.
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