ING: UBS inches up target price.
(CercleFinance.com) - UBS has nudged up its target price for Dutch financial services group ING from 16.
3 euros to 16.4 euros, reiterating its "buy" rating on the stock, seeing the bank as "a structural winner."
"We like ING and perceive it as a structural winner but remove from Key call list as upside is more limited after a strong run," UBS writes in a research note.
The broker says it estimates that the share has upside potential of 8%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3 euros to 16.4 euros, reiterating its "buy" rating on the stock, seeing the bank as "a structural winner."
"We like ING and perceive it as a structural winner but remove from Key call list as upside is more limited after a strong run," UBS writes in a research note.
The broker says it estimates that the share has upside potential of 8%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.