Morgan Stanley upgraded Bank of Ireland (BKRIY) to Overweight from Equal Weight with a price target of EUR 18, up from EUR 14.50, citing expectations for above-consensus revenue growth. Improvement in PMIs points to an acceleration in loan growth, which leaves room for a further re-rating among European banks, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKRIY:
- Bank of Ireland price target raised to EUR 14.80 from EUR 13.60 at JPMorgan
- Bank of Ireland upgraded to Buy from Neutral at UBS
- Bank of Ireland price target raised to EUR 15.50 from EUR 13.50 at RBC Capital
- Hold Rating on Bank of Ireland: Balanced Risk-Reward Profile Amid Stable Financial Performance and Market Expectations
- Bank of Ireland price target raised to EUR 14.50 at Morgan Stanley