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Intesa Sanpaolo shares rise as UBS and JPMorgan maintain positive ratings
Analyst Delphine Lee has slightly adjusted her valuation model for Intesa Sanpaolo ahead of its quarterly report, with the bank's shares currently trading at EUR 4.15, reflecting a 7.37% increase over the past month. UBS and JPMorgan maintain a 'Buy' rating with target prices of EUR 5, while Jefferies rates it 'Buy' at EUR 4.40, despite a recent quarterly miss. Following a strong annual profit of nearly EUR 8.7 billion, the bank plans a significant share buyback of up to EUR 2 billion.
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