UBM downgrade Bipop Carire
by admin on Dec.18, 2009, under finance
Bipop has recently announced that it will be new provisions for loan losses up to a maximum of 125 million euros, which will impact negatively on the results of 2001, also over-exposure in equity investments increase the risk profile of the company. Analysts office UBM studies have revised downwards its estimates on the bank’s net profits Brescia considering a scenario very conservative. By UBM is reduced its rating on Bipop a market performer from market underperformer indicating a target price of 1.27 euros. Analysts also believe the bank’s securities unfounded rumors of a possible takeover on the company and thus reducing the speculative appeal on the title.