RBC Capital analyst Anke Reingen upgraded ABN Amro (AAVMY) to Outperform from Sector Perform with a price target of EUR 23, up from EUR 18.50. The arrival of the new CEO “appears to be a turning point given there are obvious areas to tackle to improve profitability,” the analyst tells investors in a research note. The firm says making even some progress towards self-help levers should drive a re-rating of the shares.
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