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May 25 2018, 06:30 IST/BST
With the publication of its FY 2017 results, Bank of Ireland (BOI) set out its three strategic priorities. We expect further elaboration of these, supported by management’s key financial targets, at the investor day on June 13th. The investor day is a significant opportunity for BOI to address investor uncertainties (transformation programme and UK operations) while setting out its medium-term investment case to increase returns above cost of capital. We believe the investor day is a key catalyst for the stock and reiterate our ‘Outperform’ rating and €8.90 price target.