UBS sees further upside for Eurobank after outlook upgrade

UBS has raised its price target for Eurobank to €5.10 from €4.90, maintaining its ‘buy’ recommendation after the lender delivered stronger-than-expected second-quarter results and upgraded its outlook, with Cyprus continuing to play a significant role in the group’s profitability. The investment bank said the revised target implies upside potential of approximately 14.6 per cent, while […]