What exactly did Morgan Stanley change in the UNJCF analyst rating on Feb 04, 2026?

Morgan Stanley maintained an **Underweight** rating and raised the UNJCF price target to **EUR 2.35** from **EUR 2.25** on Feb 04, 2026. The firm adjusted valuation assumptions but left the relative recommendation unchanged.

How should investors interpret an Underweight when considering UNJCF analyst rating?

An Underweight indicates expected underperformance versus peers or benchmark. Investors should reassess position size, prefer higher-conviction ideas, and weigh income or balance-sheet reasons before holding UNJCF.

Does the price target move to EUR 2.35 mean a buy for Unicaja Banco shares?

Not necessarily. The price target rose by **EUR 0.10**, but Morgan Stanley kept an Underweight rating. The modest lift alone does not convert the note into a buy signal for UNJCF.

Where can I read the original analyst note and track future UNJCF analyst rating changes?

The Morgan Stanley update was published via The Fly and is available here [source](https://thefly.com/permalinks/entry.php/id4285046/7761286394/UNJCF-Unicaja-Banco-price-target-raised-by-EUR--at-Morgan-Stanley). For ongoing coverage use Meyka’s UNJCF page at [Meyka UNJCF stock page](https://meyka.ai

Analyst Ratings

Morgan Stanley Maintains Underweight on Unicaja Banco (UNJCF) Feb 2026

ByDanny Kontos February 5, 2026February 5, 2026

Morgan Stanley on Feb 04, 2026 maintained an Underweight rating on Unicaja Banco, S.A. (UNJCF) while raising its price target to EUR 2.35 from EUR 2.25. This UNJCF analyst rating update signals a cautious stance despite a modest target lift. Investors should note the firm kept the negative relative view, not moving to a neutral or buy stance. We examine the rating, the price target change, what it means for shareholders, and how market context shapes the outlook.