ING: Berenberg maintains 'buy' rating
(CercleFinance.com) - Berenberg is maintaining its "buy" rating on the ING share, with a target price of 15 euros, citing "an attractive bank at an attractive price.
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"We have long liked the bank for its efforts to control costs, while operational leverage in its challenger markets differentiates it versus peers," the German broker wrote in a note.
Berenberg said ING remains one of its top picks in the eurozone banking industry.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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"We have long liked the bank for its efforts to control costs, while operational leverage in its challenger markets differentiates it versus peers," the German broker wrote in a note.
Berenberg said ING remains one of its top picks in the eurozone banking industry.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.