Bank of Ireland upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Bank of Ireland (BKRIY) to Equal Weight from Underweight with a price target of EUR 13, up from EUR 11.70. 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.