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Home / Capital / Brokers Calls

Analysts shave UOB forecasts on operating challenges & limited upside, but remain positive at 'buy'

Broker's Calls

Analysts shave UOB forecasts on operating challenges & limited upside, but remain positive at 'buy'

Michelle Zhu Published on Mon, Feb 25, 2019 / 12:18 PM GMT+8

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SINGAPORE (Feb 25): Jefferies and OCBC Investment Research are maintaining their “buy” calls on United Overseas Bank (UOB) with a target price and fair value of $30 and $28.30, respectively, even after the bank’s recently reported set of 4Q and FY18 financials came in slightly below both research houses’ expectations.

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