ING Groep upgraded to Buy at Deutsche Bank on volume growth outlook
As previously reported, Deutsche Bank upgraded ING Groep (ING) to Buy from Hold with a price target of EUR 28, up from EUR 25. The firm, which says it likes European banks with exposure to above average volume growth and fee income exposure, notes that it raised its ING forecasts “meaningfully” following good results that included net interest income and fee beats as well as cost control.
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- ING Groep upgraded to Buy from Hold at Deutsche Bank
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