KBC: UBS raises target price

(CercleFinance.com) - UBS believes that the stock deserves its premium, while upside potential is limited from here on in.
The analyst therefore remains Neutral on the stock, but raises his target price to E75 (from E72).

We make modest changes to Q4 forecasts, but raise EPS in the medium term, mainly due to lower taxes, UBS says.

KBC has raised its net interest income forecast for 2024 to around E5.5bn, rather than the E5.3bn-E5.5bn range originally expected.


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