Unicredit: Oddo raises target price.

(CercleFinance.com) - Oddo has confirmed its "buy" recommendation on Unicredit, raising its target price from 16 euros to 18.
5 euros, believing that Italian banking establishment's turnaround is progressing, as is its earnings outlook.

The broker's analysts have increased their 2018 forecasts by 9%, with costs less than expected and a sharper reduction in risk, forecasts that are in line with the consensus and the Strategic Plan in terms of operating income.

It added that the bullish momentum could continue, with an additional reduction in costs and risks. In addition, the broker adds that the targets of the group's strategic plan for Germany and for CIB give the group upside potential.


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