Morgan Stanley analyst Giulia Aurora Miotto upgraded ABN Amro (AAVMY) to Equal Weight from Underweight with a price target of EUR 24, up from EUR 20. The firm says that with the risk to European growth receding, it has conviction that yield steepening will hold and net interest income growth for the banks will resume in 2026. As a result, Morgan Stanley raised its European bank industry view to Attractive from In-Line.
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