FFA Private Bank revised down the target price on the shares of Bank Audi and Byblos Bank due to tough operating conditions and foreign exchange devaluation in key global markets. FFA kept the target price on Blom Bank's stock unchanged.
The fair value estimate for Bank Audi was lowered to USD 7 from USD 7.50, while it was slashed on Byblos Bank's stock to USD 1.60 from USD 1.65. Blom Bank's shares remained unchanged at USD 11.
"We note that Blom Bank is the sole overweight in our ...
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