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UBS maintains positive outlook for Greek banks and Motor Oil
UBS has issued updated assessments for several major Greek entities, maintaining a “Buy” recommendation for Eurobank, Alpha Bank, and Piraeus Bank. The bank projects further upside potential for these banks, specifically citing up to 28% for Piraeus, 21% for Eurobank, and 18% for Alpha Bank following third-quarter results.
For Eurobank, UBS raised its 2026 adjusted earnings per share estimate by approximately 1%, forecasting a 17% annual increase. The bank noted that Eurobank’s adjusted net profits exceeded analyst estimates by 5%. Key drivers include net interest income growth, which is projected to approach 2.8 billion euros by 2026, and strong regional expansion in Southeast Europe.
Regarding Motor Oil, UBS raised its price target to 58 euros from 52 euros but maintained a “Neutral” rating. While the bank expects record performance for the third quarter, with EBITDA estimated at 808 million euros, it remains cautious about long-term profitability. UBS forecasts a decline in EBITDA for 2027 and 2028, placing its estimates significantly below the market average for those years.
Entities
Alpha Bank · Eurobank · Motor Oil · Piraeus Bank · UBS
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] UBS raised the Motor Oil price target to 58 euros from 52 euros. www.newmoney.gr
- [○ 1 SOURCE] UBS forecasts Motor Oil EBITDA at 808 million euros for the third quarter. www.newmoney.gr
- [○ 1 SOURCE] UBS maintains a “Neutral” rating for Motor Oil. www.newmoney.gr
- [○ 1 SOURCE] UBS sets a price target of 12.50 euros for Piraeus Bank. bankwars.gr
- [○ 1 SOURCE] UBS maintains a “Buy” recommendation for Eurobank, Alpha Bank, and Piraeus Bank. bankwars.gr
- [● 2 SOURCES] UBS sets a price target of 5.40 euros for Eurobank. bankwars.gr
- [● 2 SOURCES] Eurobank’s adjusted net profits exceeded analyst estimates by 5%. bankwars.gr
- [○ 1 SOURCE] UBS sets a price target of 5.20 euros for Alpha Bank. bankwars.gr