ING: stock resists, thanks to broker upgrade
(CercleFinance.com) - The ING Group share is pretty flat in Amsterdam, thereby resisting the bearish trend in the AEX (-2%), benefiting from Credit Suisse upgrading the share from "neutral" to "outperform," while raising its corresponding target price from 7.
5 euros to 9 euros.
In its comments on European banking stocks, the broker says "we see some new opportunities among heavily de-rated banks with high capital levels," and therefore upgrades the Dutch bank's share to "outperform".
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