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.
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