Goldman Sachs downgraded ABN Amro (AAVMY) to Sell from Neutral with a price target of EUR 14.40, down from EUR 17.90. The firm expects an upcoming negative earnings cycle going into 2025 for ABN, driven by lower interest rates and higher costs. The bank will see persistently lower profitability compared to peers over 2025 and 2026, the analyst tells investors in a research note.
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Read More on AAVMY:
- ABN Amro price target lowered to EUR 16 from EUR 16.50 at Morgan Stanley
- ABN Amro price target raised to EUR 16.20 from EUR 15.30 at JPMorgan
- ABN Amro price target raised to EUR 17.50 from EUR 17 at RBC Capital
- ABN Amro downgraded to Underweight from Equal Weight at Morgan Stanley
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