Zacks Investment Research upgraded shares of Intesa Sanpaolo (OTCMKTS:ISNPY) from a hold rating to a buy rating in a research report released on Friday morning. The firm currently has $25.00 price objective on the financial services provider’s stock.
According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “
A number of other research analysts also recently commented on ISNPY. ValuEngine upgraded Intesa Sanpaolo from a hold rating to a buy rating in a report on Monday, February 5th. JPMorgan Chase & Co. upgraded Intesa Sanpaolo from a neutral rating to an overweight rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $25.00.
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About Intesa Sanpaolo
Intesa Sanpaolo S.p.A. is a banking company. The Company’s segments include Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private Banking and Insurance. The Banca dei Territori division includes the Company’s traditional lending and deposit collecting activities.
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