UBS has raised its price target for Nordea from 143 euros to 144 euros, while maintaining a "Buy" rating for the bank.
Analyst Johan Ekblom stated that Nordea's quarterly performance was in line with expectations, leading to the adjustment in the price target.
The revision is supported by slightly higher medium-term estimates, indicating that the bank is still attractively valued in the current market.
This update reflects UBS's confidence in Nordea's financial outlook following the recent quarterly figures.