The recent decision by Jefferies to maintain the rating of Unicredit at “Buy” reflects the positive expectations of the analysis firm. Particularly given the current market developments and perspectives in the European capital market, the bank remains an attractive investment.
Background and Justification
A key factor for the optimistic assessment is the potential for a European capital market union. Recent events in the USA could make such a development more likely. Deregulations and the removal of tariff barriers within the EU could be advanced under the motto “Making Europe Great Again”.
Another justification is the increasing volatility in various markets, which could create revenue opportunities for banks like Unicredit. Despite currently weaker credit growth, the market offers significant potential.
Current Analyses and Ratings
- Jefferies: The rating of Unicredit remains at “Buy”, indicating positive perspectives in the European capital market.
- Goldman Sachs: Also maintains a “Buy” rating with a price target of 62.50 euros, despite slightly lowered earnings estimates.
- JP Morgan: Provides an “Overweight” rating, also showing a positive outlook.
Current Market Context
The price of Unicredit is currently around 42.54 euros (as of April 9, 2025), representing a slight increase. Despite uncertainties within the banking sector, many analysts see potential, especially in light of possible reforms and consolidations in the European banking landscape.
Overall, Jefferies’ decision to keep Unicredit at “Buy” reflects a positive assessment of future market developments. This is supported by the potential strengthening of the European capital market and the opportunities arising from market volatility.