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Stock impact report

ING Groep (ING) Downgraded to ‘Equal Weight' [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
ING Groep (ING) Downgraded to 'Equal Weight' ING Groep N.V. (NYSE:ING) is a global bank with a strong European base. Its more than 60,000 employees offer retail and wholesale banking services in over 100 countries around the world. ING Groep N.V. (NYSE:ING) had a setback on March 23 when Morgan Stanley downgraded the stock from ‘Overweight' to ‘Equal Weight', while assigning it a price target of €28. The target still indicates an upside of over 25% from the current levels. The move comes after Morgan Stanley recommended taking a more defensive stance on the European banks. The analyst firm sees multiple risk factors amid a lack of clarity for investors. That said, ING Groep N.V. (NYSE:ING) is targeting its total income to grow by over 4% YoY to around €24 billion in 2026. The bank then intends to continue this momentum and deliver a total income exceeding €25 billion in 2027. As of the writing of this piece, the share price of ING Groep N.V. (NYSE:ING) has fallen by over 10 Show less Read more
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