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Intesa Sanpaolo: UBS raises target price

( - UBS maintains its "buy" rating on Intesa SanPaolo, nudging up its target price for them from 2.
7 euros to 2.85 euros, with its new target price representing upside potential of 20% for the Italian financial institution's share.

The broker says "all boxes ticked" regarding the latest results unveiled by the group. "Earnings risk is to the upside, buyback is confirmed and CET1 guidance is reassuring," it adds.

"We believe 4Q results underpin our positive view on ISP's earnings capacity, capital levels and shareholder remuneration," UBS concludes.

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