ABN Amro: share down, as UBS expresses caution

(CercleFinance.com) - ABN Amro shares are down in Amsterdam on Tuesday, penalised by cautious comments expressed by UBS, which says that it perceives a risk that the Dutch bank will cut its dividend.


At 11:45 am, the share of the Dutch banking group was down 1.7% at 15.8 euros, underperforming the AEX index, which is down around 0.9%.

In a note released this morning, UBS reiterates its "neutral" rating on the share, along with an unchanged price target of 16.5 euros, harbouring limited upside of 4%, as it expressed a number of concerns.

"We think earnings growth prospects remain limited and see dividend risk to the downside."


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