UOB stock price jumps in Singapore afternoon trade as analysts flag a “catch-up” play
UOB shares rose 2.0% to S$37.52 by mid-afternoon Thursday in Singapore after a broker upgrade and a S$1.4 million share buyback. Macquarie lifted its rating to “outperform” and raised its target price to S$41. UOB also priced A$2 billion in new notes via its Sydney branch. The bank reports full-year results on Feb. 24.