Goldman Sachs resumed coverage of United Overseas Bank with a Neutral rating and S$31.90 price target. The firm, which is resuming coverage of a group of ASEAN banks, sees ASEAN banks’ profitability approaching a historical eight-year peak by the first half and is "remaining tactical" given the uncertainties in the U.S. macro outlook.
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Published first on TheFly
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Read More on UOVEY:
- UOVEY Upcoming Earnings Report: What to Expect?
- United Overseas Bank downgraded to Hold from Buy at Jefferies
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