KBC: UBS still on hold but raises TP
(CercleFinance.com) - UBS reinstates its "neutral" recommendation on KBC Group shares, although has increased its target price for them to 65 euros (from 60 euros), with its new target price close to the Belgian bank's current share price (67 euros, +2%), citing a leverage effect on rates.
"We increase forecasts for KBC ahead of Q1 on higher expected interest rates, partially offset by higher expected inflation," the broker summarised.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.