Expansion / The worst value of the Ibex in 2016 and the best in 2017, has recovered more than 30% from the lows recorded in November.
The single value of the Ibex, which achieved increases of double digits in the first week of 2017 receives today the downward pressure from UBS. The analysts of the swiss firm lowers substantially their valuation of Banco Popular.
The new target price is 0.8 euros per share, compared to 1.3 euros set earlier. The new valuation represents a potential bearish 20% on the close of Friday, and reeditaría the minimum registered in a Bag by the Spanish bank, 0,77 euros, which closed on 28 November.
From the lows registered at the end of November, shares of Banco Popular have been scored a dramatic comeback, exceeding 30%.
Next expansion.
SPAIN: UBS is wary of the rebound of Folk and deck new lows
With Information Expansión
http://entornointeligente.com/articulo/9482851/UBS-recela-del-rebote-de-Popular-y-baraja-nuevos-minimos
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