Equity
ANALYST VIEW - Morgan Stanley cuts target price for Hungary's OTP
- Morgan Stanley cut its target price for OTP to HUF 12,800 from HUF 13,600, while maintaining its ‘Overweight’ rating for the banking stock.
- The new TP offers a nearly 24% upside potential over OTP’s closing price on the Budapest Stock Exchange (BSE) on Friday.
- According to the Reuters database, there are 11 ‘Buy’, 1 ‘Hold’ and 2 ‘Sell’ recommendations for OTP.
- The average target price is HUF 11,830, which is 14.5% higher than Friday’s closing price.
- As for the banking stocks in the EMEA region, Morgan Stanley’s top picks are OTP and Poland’s Alior Bank.
