Stock Name: UOB
Company Name: UNITED OVERSEAS BANK LTD
Company Name: UNITED OVERSEAS BANK LTD
| Research House: Phillip Securities | Price Call: BUY | Target Price: 25.40 |
SINGAPORE (Oct 31): PhillipCapital has upgraded United Overseas Bank Ltd (UOB) to "accumulate" from a "neutral" rating with a target price of $25.40, after the latter posted its improved 3Q14 financial results.
At 1:56 pm, UOB has rallied 2.1% to $22.94 as one of the top gainers across the Singapore Exchange.
PhillipCapital analyst Benjamin Ong said in a note today that UOB management believed that fee growth momentum should continue to be maintained for the rest of the year.'
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