UBS downgraded Erste Group Bank (EBKDY) to Neutral from Buy with a price target of EUR 65, up from EUR 63. The bank’s distributed yield is below the sector average this year and its profitability is at peak, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBKDY:
- Erste Group Bank price target raised to EUR 67 from EUR 63 at JPMorgan
- Erste Group Bank price target raised to EUR 72 from EUR 69 at Deutsche Bank
- Erste Group Bank AG Reports Strong 2024 Growth
- Erste Group Bank AG (EBKDY) Q4 Earnings Cheat Sheet
- Erste Group Bank price target raised to EUR 63 from EUR 61 at JPMorgan