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Banco BPM: penalized by a broker downgrade
(CercleFinance.com) - Banco BPM is down nearly 2% in Milan, under the weight of a downgrade by UBS from 'buy' to 'neutral', with a price target reduced from 6.
3 to 4.6 euros on the financial institution's shares. Although offering an attractive 12-month dividend yield, we are becoming more cautious after Banco BPM's outperformance since the beginning of the year, with our EPS 2026 estimate coming in 25% below target," he explains. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
11/04/2025 17:33
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