ANALYSIS FLASH: Goldman starts ING with ‘Buy’ – target 16.25 euros | 05/30/22

NEW YORK (dpa-AFX Broker) – The US investment bank Goldman Sachs has included ING (ING Group) in its rating with “Buy” and a target price of EUR 16.25. The rating and consensus estimates do not fully reflect the Dutch bank’s status as one of the biggest beneficiaries of rising interest rates, analyst Andreas Scheriau wrote in an industry study released on Monday. ING has over 550 billion euros in retail deposits and modest profitability. If the interest rate is raised in the Eurozone the share price could double by two percentage points./gl/mis

Publication of the original study: 05/29/2022 / 11:38 p.m. / BST First distribution of the original study: date not specified in study / time not specified in study / time zone not specified in study

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