Julius Baer: Barclay's raises TP
(CercleFinance.com) - Barclays confirms its "overweight" recommendation on Julius Baer shares, raising its target price for them from 57 CHF to 63 CHF, citing the Swiss private bank's attractive valuation and an alternative on rotation from rate-sensitive names.
Julius Baer's net new money (NNM) growth is heading in the right direction after a difficult start. Business prospects also appear to be improving, with sentiment on key markets improving, the broker adds.
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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.
Julius Baer's net new money (NNM) growth is heading in the right direction after a difficult start. Business prospects also appear to be improving, with sentiment on key markets improving, the broker adds.
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.