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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 4 sources · 5 days · First seen · Last updated

European banking and insurance stock target adjustments

Overview

Financial institutions have issued updated price targets for several European companies following quarterly reporting periods.

In mid-August, RBC raised its price target for BBVA from 20.50 to 24 euros, citing an estimated 8 percent increase in pre-tax profit driven by net interest income and fees, despite rising costs. Concurrently, Goldman Sachs increased its price target for UBS AG from 41.50 to 47 Swiss francs.

Following these adjustments, JPMorgan raised its price target for Allianz SE from 430 to 460 euros based on increased operating profit forecasts. Additionally, Barclays increased its price target for Ströer from 40 to 42 euros, noting that market sentiment is influenced by takeover speculation.

Entities

RBC · Goldman Sachs · Barclays · Allianz SE · Ströer

Timeline

  1. 2 days ago

    [BUSINESS] 3 sources
    JPMorgan and Barclays adjust price targets for Allianz and Ströer

    JPMorgan raised its Allianz SE price target to 460 euros with a neutral rating, while Barclays increased its Ströer target to 42 euros amid takeover speculation.

  2. 6 days ago

    [BUSINESS] 3 sources
    RBC and Goldman Sachs adjust price targets for BBVA and UBS

    RBC raised its price target for BBVA to 24 euros, while Goldman Sachs increased its UBS AG target to 47 Swiss francs, both maintaining neutral ratings.

Sources

aktienkurs-orderbuch.finanznachrichten.de · finanznachrichten.de · it-boltwise.de · theasset.nl