10:35 AM EST, 12/12/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to USD41 from USD38, based on an unchanged 9.6x P/E applied to our revised 2026 EPS forecast. The increase in our 2026 EPS to EUR3.65 (from EUR3.35) reflects improved visibility on revenue momentum in the Private and Corporate Banks, continued cost efficiencies, and a more supportive sector backdrop since the Investor Deep Dive event in November. We believe these adjustments bring our estimates more in line with the bank's medium-term profitability trajectory while retaining a prudent stance on execution risks, particularly around credit costs and reliance on FICC. With the shares now already trading at a premium to their five-year historical average of 7.9x, we maintain our Hold recommendation as we think the current valuation appropriately reflects a balanced risk/reward profile.