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ABN Amro downgraded to Neutral from Outperform at Exane BNP Paribas

Exane BNP Paribas analyst Guillaume Tiberghien downgraded ABN Amro to Neutral from Outperform with a EUR 17.50 price target. The analyst switched preferences to shares of ING, saying ABN’s “superior distributions” will now be matched by its peer.

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