UBS has reaffirmed its 'buy' rating on 3i Group PLC (LSE:III), the FTSE 100 investment company, pointing to fresh evidence that its most important holding is on the mend. The bank kept its price target at 3,200p, implying roughly 20% upside from the recent 2,675p.
3i Group PLC (LSE:III) successfully increased its core stake in retail business Action following a new share issuance and saw its forecasts updated by Deutsche Bank. The investment firm traded steadily at 2,822p as the broker maintained a 'buy' rating and raised its target price from 3,527p to 3,570p.
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