UBS has assigned a 'Buy' rating to Emirates NBD shares for the next 12 months, raising the target price to 35 dirhams from the previous 33.5 dirhams. Several major global financial institutions, including UBS and JPMorgan, have announced upgrades to 'Buy' ratings for shares of major UAE banks, setting higher target prices for the next two years. This is based on strong results in the fourth quarter of 2025 and promising growth forecasts for 2026. It was noted that Emirates NBD is currently trading at a 25% discount to its peers in the UAE, with an expected forward price-to-earnings ratio for the next two years of 7.5 times, compared to the sector average of 9.9 times. Net profit...
