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How high can they go? Analysts set new target prices for DBS, OCBC, UOB after record week
['Shikhar Gupta']
The Business Times
The mean target price for DBS also rose 0.8 per cent to S$59.78 across 16 ratings.
For UOB , the consensus target price of 16 analysts rose 2.7 per cent to S$37.26, still below its Wednesday closing price.
Holding a contrarian view, JPMorgan on Sunday downgraded the lender to “underweight” from “neutral”, though it maintained a target price of S$34.
Meanwhile, Vantarakis maintained an “outperform” call on OCBC, raising his target price to S$21.50.
RHB on Wednesday also raised its target price for OCBC to S$21.30, forecasting single-digit earnings growth when the bank reports on Feb 25.