Goldman Sachs analyst Chris Hallam downgraded ABN Amro to Neutral from Buy with a price target of EUR 18.50, up from EUR 17. ABN has re-rated year-to-date and the share price is up about 18% since the start of 2024, but going forward the firm sees limited upside to near-term net interest income guidance, an outlook for lower profitability compared to the sector and history and uncertainty around RWA evolution, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAVMY:
- ABN Amro price target raised to EUR 18 from EUR 17 at Morgan Stanley
- ABN Amro downgraded to Neutral from Outperform at Exane BNP Paribas
- Progress Software says ABN AMRO moves Credit Store app to Azure Cloud
- ABN Amro price target raised to EUR 17.50 from EUR 16 at RBC Capital
- ABN AMRO Bank (AAVMY) Reveals Q2 Dividend: Here’s the Essential Information
