Julius Baer : Transformation under way – an attractive but complex call and fully valued
>Conclusion - an expected but tricky transformation and fully valued - Applying the same valuation parameters as for the WM operations of UBS and Credit Suisse, our target price works out to just CHF 41.7, despite forecasts that are a little ahead of the consensus. We are therefore maintaining our Neutral rating.The change of strategy made official in February has seen its objectives confirmed with the H1 2020 earnings release. We estimate that the transformation...Julius Baer is engaged in private banking activities primarily in Switzerland, Europe, Asia and South America. Co. focuses in private banking, which includes certain internal supporting functions which serve entirely the core business activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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