Intesa Sanpaolo: UBS raises target price

(CercleFinance.com) - UBS has confirmed its "buy" rating on Intesa SanPaolo shares, raising its target price for them from E3.
65 to E3.85, with the latter representing upside potential of 50% for the share, following a quarterly report from the Italian banking institution.

"In line with Spanish/Italian trends, higher NII drives up our earnings forecasts for ISP (drives c6% EPS 24-25E)," the broker says. "Commitment to top up capital return the other positive".


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