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Investing.com - Deutsche Bank (ETR:DBKGn) has raised its price target on NLB Group (LJE:NLB) to €38.00 from €35.00 while maintaining a Buy rating following the bank’s strong second-quarter results.
The Slovenian banking group reported second-quarter earnings that exceeded expectations, with a bottom line that beat forecasts by 17%, according to Deutsche Bank analyst commentary.
NLB Group, which is the largest banking and financial group in Slovenia and one of the largest in Southeastern Europe, has also upgraded its 2025 loan growth outlook to low-double-digit growth from its previous guidance of high-single-digit growth.
The previous consensus estimate for NLB’s loan growth had been approximately 9%, making the revised outlook more bullish for the company’s near-term performance.
Deutsche Bank cited NLB’s structural growth potential in its key operating markets and increasingly attractive capital returns as reasons for maintaining its positive view on the stock.
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