Analysts were resoundingly positive on United Overseas Bank’s (UOB) 1QFY2021 ended March results after it met or beat their expectations.

Maybank Kim Eng upgraded the counter from ‘hold’ to ‘buy’, with a higher target price of $29.34, while RHB Group Research upgraded from ‘neutral’ to ‘buy’ with a higher target price of $30.20. 

CGS-CIMB Research and OCBC Investment Research kept their respective ‘buy’ and ‘add’ ratings, with higher target prices of $28.84 and $29. Meanwhile, PhillipCapital and DBS Group Research kept their 'accumulate' and 'buy' ratings with unchanged target prices of $28.70 and $29.20 respectively.

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