UBS has reaffirmed its 'buy' recommendation on ING and raised its target price from 17.4 to 18.3 euros, a new target that leaves a 13% upside potential for the share, ahead of the Dutch bank's investor day (CMD) scheduled for June 17.

On this subject, the broker forecasts an increase in the group's RoE (return on equity) target from 12 to 13%. Concrete measures to increase returns in the wholesale business and in Belgium would be welcomed", he continues.

Copyright (c) 2024 All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.