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Investing.com - Deutsche Bank raised its price target on Nordea Bank Abp (HE:NDA) (OTC:NRDBY) to EUR16.00 from EUR15.00 while maintaining a Buy rating.
The bank cited Nordea’s relative net interest income resilience as a key factor in its decision, noting this strength is paired with profitability that beats peer averages and strong capital returns.
Deutsche Bank highlighted that Nordea remains its top pick among Nordic banks while not appearing particularly expensive compared to its peers.
Nordea Bank is scheduled to hold a Capital Markets Day on November 5, where Deutsche Bank anticipates management will focus on utilizing Nordic scale for structural cost efficiency improvements.
The bank expects Nordea to deliver continued profitable growth while offering attractive capital returns to shareholders.
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