Unicredit flies up to + 6.5% thanks also to the positive opinion of UBS

Unicredit stock protagonist today with a jump of 6.5% in the 8.54 euro area. Unicredit finds support in the rebound of equities in general with the banking sector marking + 3% at European level.

Today, UBS analysts reiterated the buy on Unicredit, raising the target price from € 14.1 to € 15.4. The new target is around 90% above the stock’s closing levels on Monday. Despite geopolitical and macro concerns, the Swiss firm remarks the stock’s current valuation discount is exaggerated.