ABN Amro: UBS raises target price

(CercleFinance.com) - UBS reiterates its buy recommendation on the stock, with a target price nudged up to E17.
9 (from E17.7), representing 15% upside potential.

ABN will publish its Q4 2024 results on 12 February. We expect pre-tax earnings of E638m, with increased asset quality. Forecasts for 2025 and the capital outlook will be priority areas, UBS says.

The resilient Dutch economy and buoyant real estate market continued to underpin our performance, CEO Robert Swaak said.


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