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Mar 18 2025, 07:50 GMT
AIB Group
Post-FY24 model update
DAVY VIEW
The state should soon complete its AIBG sell-down, the pace of which has been facilitated by stronger-than-anticipated profitability and capital generation. In the coming years, lending growth will partly offset lower rates while capital returns will remain attractive to normalise capital levels. We upgrade our price target to €7.40 and retain our ‘Outperform’ rating.
