UBS Upgrades Banco BPM to Buy with Increased Target Price

Banco BPM has been upgraded by UBS from "Neutral" to "Buy," with the target price for the shares being raised from 6.80 euros.

This upgrade highlights Banco BPM's significant position as one of Italy's largest banks in the midst of ongoing consolidation in the banking sector.

Analysts predict a positive performance for Banco BPM, with resistance levels identified at 7.371 and 7.431 euros. Support is noted at 7.311 euros, indicating potential trading ranges for investors to monitor closely.

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