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ING: UBS still a buyer, trims TP

( - UBS reiterates its "buy" rating on ING shares, shaving a fraction off its target price from E17.
8 to E17.6, with the latter TP still leaving 49% upside potential for the Dutch banking institution's stock, which it "feels is too cheap".

"ING remains one of the best capital return stories among European banks and we see modest changes to forecasts post Q3", the broker says the day after the group's quarterly results.

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