ABN Amro: at half mast with broker comments


(CercleFinance.com) – ABN Amro drops nearly 5% in Amsterdam, against the backdrop of unfavorable comments from UBS which, while maintaining its ‘neutral’ position, lowers its price target from 14.6 to 14 euros the day after the the bank’s annual results.

The broker notes that while the results for the fourth quarter of 2021 came out better than expected, the return of capital was broadly in line with expectations and the forecasts posted for 2022 were disappointing.

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