(CercleFinance.com) – Contrary to the trend in Amsterdam, ING Group manages to gain more than 1% with the support of UBS, which reiterates its ‘buy’ recommendation and raises its target price of 15, 3 to 15.9 euros on the title.
‘We are raising our forecasts after good results in the first quarter and a greater than expected redistribution of capital,’ explains the broker, who also sees a discounted valuation for the Dutch bank.
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