Research Disclosures & Disclaimers

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Banco BPM (BAMI.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
2022-03-30	2.78	3.80	Buy
2022-04-25	3.09	4.10	Buy
2022-07-26	2.35	3.50	Buy
2022-08-05	2.66	3.25	Buy
2022-11-17	3.21	3.65	Buy
2023-01-31	4.13	4.30	Neutral
2023-05-31	3.66	5.00	Buy
2023-07-19	4.43	5.50	Buy
2023-08-07	4.40	6.20	Buy
2023-10-30	4.72	6.30	Buy
2023-11-09	5.07	6.40	Buy
2023-12-11	5.03	6.30	Buy
2023-12-20	4.74	4.60	Neutral
2024-02-12	5.31	5.00	Neutral
2024-04-23	6.12	6.30	Neutral
2024-05-08	6.23	6.60	Neutral
2024-07-24	6.55	6.80	Neutral
2024-12-05	7.48	7.90	Buy
2025-01-21	8.37	9.00	Buy
2025-02-13	8.70	9.40	Buy
2025-03-25	10.27	10.00	Neutral
2025-05-08	9.85	10.10	Neutral

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.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
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.