Goldman Sachs upgraded United Overseas Bank to Buy from Neutral with a S$32.10 price target. The analyst believes the net interest margin pressures overhang is likely over for United Overseas, and sees it as best positioned among the Singapore banks should we enter a rate cut cycle.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>