UBS: Raising the Bar for Greek Banks – Sees Upside of up to 23%

Protothema

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UBS raises target prices for the four systemic banks - Piraeus Bank shows the largest upside margin, while all maintain a Buy recommendation

Business Daily

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UBS raises target prices for Greek banks and maintains "Buy". It singles out Piraeus with a 22.8% upside margin, as interest rates boost their profitability.

sofokleousin.gr

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UBS gives new, higher target prices for Greek banks, incorporating into its models the estimate for interest rates to remain at higher levels

marketnews.gr

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UBS increases its target prices for Greek banks, as it sees additional upside. At the same time, it maintains its Buy recommendation for Piraeus, Eurobank, Alpha Bank, Ethniki and Optima. However, it singles out Piraeus as a top pick. The new target prices For Piraeus, the house raises the target to 12.50 euros, from 12 euros. The upside margin reaches 22.8%. Correspondingly, it increases Eurobank's target to 5.40 euros, from 5.30 euros. Thus, i…

Reporter.gr

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UBS sees support from higher interest rates and further appreciation margins for Greek banks, which updates its estimates for the sector, incorporating into its model the forecast for another 25 basis point increase in ECB interest rates in December.According to UBS's analysis, Greek banks are among those with the greatest sensitivity to changes in interest rates, which, according to analysts, favors them in an environment where interest rates r…

insider.gr

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UBS is setting the bar higher for Greek banks, raising its profitability estimates and target prices as the higher interest rate environment proves more supportive.