UCB: UBS raises target price
(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on UCB shares, raising its target price from E140 to E180, with its new TP representing 14% upside potential for the Belgian pharmaceutical company's shares.
After rising by over 90% YTD, the broker sees room for further growth, and believes that the continuation of new launch performances will continue to drive the share upwards, with the pipeline as an option.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
After rising by over 90% YTD, the broker sees room for further growth, and believes that the continuation of new launch performances will continue to drive the share upwards, with the pipeline as an option.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.