ANALYST VIEW - Morgan Stanley sets target price for OTP to HUF 13,500

Portfolio
Morgan Stanley has raised its target price for Hungary’s OTP Bank. The new TP offers a 5% upside potential compared to OTP’s closing price on the Budapest Stock Exchange (BSE) on Monday.
  • Morgan Stanley upped its target price for OTP to HUF 13,500 from HUF 13,200 previously;
  • The rating remains ‘Overweight’;
  • According to the Thomson Reuters database, 15 analysts cover OTP, 12 of whom have either an ‘Overweight’ or a ‘Buy’ recommendation for the Hungarian banking stock;
  • The average TP is HUF 12,687, the median TP is HUF 12,769, both are below yesterday’s closing price.

 

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