ML, UBS Cut Target Prices For Greek Banks
Merrill Lynch cuts target prices for four banks while reiterating a ‘buy’ rating for all of them, a report dated February 1st said.
More specifically, it cuts NBG to 24 from a previous 30 euro,
Alpha Bank to 9.8 from 11.40 euro,
Eurobank to 10.1 from 12.6 euro and Piraeus to 10 from 11.4 euro.
UBS: Cuts Target Prices For 6 Greek Banks
UBS also cut its target price for 6 Greek banks while downgrading its rating for 3 of them, in a report dated February 2nd.
Alpha Bank: 9.5 from a previous 12.8 euro, rating ‘Buy’
NBG: 18.2 from a previous 23 euro, rating ‘Neutral’
Piraeus Bank: 7.2 from a previous 11 euro, rating ‘Neutral’
ATEBank: 1.0 from a previous 1.4 euro, rating ‘Sell’
Eurobank: 7.1 from a previous 13.5 euro, rating downgraded to ‘Neutral’ from ‘Buy’
Marfin Popular Bank: 2.4 from a previous 3.5 euro, rating downgraded to ‘Neutral’ from ‘Buy’
ML, UBS Cut Target Prices For Greek Banks - www.capital.gr