The research firm issued a buy recommendation on Blom’s share, with a target price of $115, which represents a 28 percent upside potential from its market price.

It also issued a buy recommendation on Byblos’s share setting its target price at $2.7, 25 percent up from its market price. Also, HC issued a hold recommendation on Audi’s share with a target price of $84.7.

The company said that its recommendations on local banks are driven by their solid liquidity and intact asset quality.