UBS has confirmed its 'buy' recommendation on ING Group shares, with a target price raised from €20.5 to €21.5, which now represents 18% upside potential for the Dutch financial institution's stock.

The broker has raised its forecasts due to higher revenue expectations and now sees upside potential for the consensus. "NII (net interest income) is probably at a low point, but will not accelerate before the end of 2025," it says.


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