UBS: Positive for Greek Banks, "Sees" Room for Growth of up to 30%
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UBS maintains a buy recommendation for the five Greek banks, seeing attractive valuations and strong momentum. Piraeus stands out for its growth potential and Eurobank for its capital utilization.
The recent stock market correction of Greek banking stocks is not justified by the fundamentals of the sector, UBS estimates, seeing in current valuations a
UBS declares itself a buyer of the shares of the four systemic banks, emphasizing that the correction they recently experienced is excessive and sees a strong rally of up to 30%.
The firm maintains a "buy" recommendation for all five Greek banks it covers, with estimated upside margins reaching up to 29.7%, noting that Greek banks continue to offer attractive valuations.
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