BofA: New price targets and recommendations for the Greek banking sector
Bank of America revised upward the price targets for all Greek banks, reaffirming the sector's attractiveness. Its clear top pick is Eurobank, while National Bank of Greece remains at a neutral rating.Eurobank: New price target of €4.45 (from €4.36), with a Buy recommendation. Based on the current share price of €3.14, the upside potential is 42% - the highest among the four banks. BofA expects Eurobank to continue to stand out thanks to its diversified presence and strong profitability.National Bank of Greece (NBG): Maintains a Neutral rating, with a new price target of €12.81 (from €12.11), implying only a 7% upside from the current €11.96. Despite its strong capital position, BofA believes much of the positive outlook is already priced in.Alpha Bank: Continues with a Buy recommendation, with a target of €3.89 (from €3.59). At the current €3.49, the stock has 12% upside. BofA foresees positive momentum in net interest income and...
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