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Stock impact report

Last Time Strategists Were This Bullish, European Stocks Tanked [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
The Stoxx Europe 600 Index is expected to rise about 7% by the end of next year, reaching 620 points, according to the median forecast. The last time strategists were this uniformly bullish was for 2018, when the Stoxx 600 plunged 13%. Most Read from Bloomberg A Train Grows in Brooklyn Trump's New Architect Is Sticking With Ballroom's Giant Size NJ's Montclair Cuts School Staff and Mulls March Tax-Hike Vote Democrats Want Probe of Trump Officials and Immigration Deals Aviva Seeks Partner for New City of London Skyscraper Project True bears are nowhere to be found among the 17 strategists polled. Four strategists, including those at UBS Group AG and Deutsche Bank AG, see a surge of nearly 13% from Wednesday's close. ING Groep NV has the lowest forecast, with a target that only implies 3% downside. “This is a good entry point in European stocks,” said Mislav Matejka, head of global and European equity strategy at JPMorgan Chase & Co, who has a target of 630. “Earnings c Show less Read more
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