Goldman Sachs analyst Mikhail Butkov downgraded Eurobank (EGFEY) to Neutral from Buy with a price target of EUR 2.80, up from EUR 2.50. The firm cites a combination of valuation and increased net interest margin sensitivity following the acquisition of Hellenic Bank of Cyprus for the downgrade.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter