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EFG International upgraded to Buy from Neutral at UBS
The Fly

EFG International upgraded to Buy from Neutral at UBS

UBS analyst Mate Nemes upgraded EFG International (EFGXY) to Buy from Neutral with a price target of CHF 14.10, up from CHF 13.10. The firm cites “too low” consensus and a “too low” valuation multiple, which does not account for the company’s meaningful excess capital, for the upgrade.

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