INTESA SANPAOLO : Jefferies raises price target
The broker justifies this upgrade by higher expectations for net interest income, but also for commission and insurance income following better-than-expected quarterly results, and by the positive outlook expressed at the conference.
Jefferies adds that it sees upside potential over pre-release consensus for the first quarter, with its own EPS expectations averaging 4% above consensus for fiscal years 2024 to 2026.
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