Unicredit : Our valuation updated after the ECB gives the green light to the SBB on 2022
>Neutral recommendation maintained - target price to € 21.0 (vs € 18.5) - We are sticking with our Neutral recommendation on Unicredit but have significantly raised our target price (€ 21.0 vs € 18.5) to factor a less conservative bias on the prospect of shareholder/capital returns into our valuation model in the wake of the announcement that the ECB as green lit the group’s share buyback programme on 2022. We are leaving our earnings forecasts more or less unchanged ...Unicredit is a pan-European commercial banking group based in Italy. Co. is engaged in the provision of in-branch and online corporate and investment banking services, providing customers with access to banks in 14 core markets as well as to an another 18 countries worldwide. Co.'s operations are organized along six business lines: Commercial Banking Italy; CEE Division; CIB; Commercial Banking Germany; Commercial Banking Austria; and Asset Gathering. Co.'s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.