ABN Amro: UBS cuts target price

(CercleFinance.com) - UBS maintains its "neutral" rating on ABN Amro shares, although has reduced its target price for them from 11.
4 euros to 10.4 euros, with its new target price representing upside potential of 4% for the Dutch financial institution's share.

The broker has cut its forecasts due to a weak Q2 and higher credit loss assumptions. "High operating leverage results in double digit EPS cuts to 2022 and 2023," it adds.


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