ING Groep upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded ING Groep (ING) to Overweight from Equal Weight with a price target of EUR 24, up from EUR 18.40, after assuming coverage of the name. The firm expects ING will deliver “top-end sector” capital return yield. Barclays sees improvement for returns is in the bank’s Wholesale Banking division as an opportunity.