Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Intesa SanPaolo (ISP.MI)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (€)	Price Target (€)	Rating
2022-02-28	2.29	3.15	Buy
2022-04-25	1.95	2.70	Buy
2022-07-19	1.77	2.20	Buy
2022-08-01	1.75	2.40	Buy
2022-11-07	2.13	2.60	Buy
2023-01-23	2.24	2.70	Buy
2023-02-06	2.45	2.85	Buy
2023-04-24	2.51	3.05	Buy
2023-05-08	2.46	3.30	Buy
2023-07-19	2.49	3.50	Buy
2023-07-31	2.63	3.60	Buy
2023-10-18	2.40	3.65	Buy
2023-11-06	2.57	3.85	Buy
2023-12-11	2.69	3.80	Buy
2024-01-19	2.76	3.85	Buy
2024-02-07	2.84	4.05	Buy
2024-04-23	3.52	4.20	Buy
2024-05-06	3.56	4.30	Buy
2024-07-11	3.59	4.45	Buy
2024-07-30	3.80	4.65	Buy
2024-11-01	4.03	4.95	Buy
2025-01-21	4.16	5.00	Buy
2025-02-06	4.35	5.10	Buy
2025-04-24	4.56	5.25	Buy
2025-05-06	4.76	5.35	Buy

Disclosures

UBS has acted as manager/co-manager in the underwriting or placement of securities of this company/entity or one of its affiliates within the past 12 months.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS beneficially owned 1% or more of a class of this company`s common equity securities as of last month`s end (or the prior month`s end if this report is dated less than 10 days after the most recent month`s end).
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.