UBS raised its price target for Eurobank, noting that operations in Cyprus contribute to the company's profits.

The entities involved

• UBS →

  Swiss multinational investment bank and financial services company

  • The Trump administration threatens tariffs on Switzerland, leading Switzerland to seek a new trade agreement with the US.Mon 00:13
  • Following the acquisition of Credit Suisse, the Swiss parliament proposed new banking regulations for UBS.Sun 10:25
• Eurobank →

  bank in Belarus (2009–2015)

  • Moody's upgraded outlook on credit profiles for Greece, while discussions continue regarding corporate financing outlook.Thu 06:03
• Cyprus →

  country in the Mediterranean Sea

  • Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.Mon 17:18
  • IMF previously warned Cyprus regarding its fiscal policy, and Eni operates petrol stations in Italy.Mon 16:23

Related events

• UBS recommends buying Eurobank, citing its growth potential and exposure to Greece's economic recovery.Aug 26
• Eurostat data indicates price increases are occurring in Cyprus.Aug 25
• ECB compares US and euro area household investment while warning that Cyprus faces investment challenges, alongside the CBC governor discussing financial literacy in Cyprus.Sep 20
• Cyprus banking system aligned with EU average standards.Sep 20
• Expedia's performance is being discussed, noting weakness in Europe, which is impacting market outlook and leading to price target adjustments.Aug 27