MARKET TALK: Citigroup Keeps UniCredit Buy Ahead Of 2Q

0809 GMT [Dow Jones] Citigroup keeps UniCredit (UC.MI) rated at buy with atarget price of EUR9.0 ahead of Friday's release of second-quarter results. Citigroup sees UniCredit beating targets but the US bank doesn't expectmanagement to provide any updates on targets until the merger with Capitalia (CAP.MI) is completed in October. Adds that bank has an attractive business mixwith exposure to high-growth central and eastern Europe and asset management,upside in the German restructuring and growth in the underpenetrated andrecovering Italian market. Shares +0.2% at EUR6.09. (LMO)

Contact us in London. +44-20-7842-9464Markettalk.eu@dowjones.com

(END) Dow Jones Newswires 07-30-07 0409ET Copyright (c) 2007 Dow Jones & Company, Inc.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER