Davy Research

Bank of Ireland

Investor day to address transformation and UK franchise
Banks
Bank of Ireland

DAVY VIEW

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.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Bank of Ireland

    Closing Price: 738c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    Neutral

Analyst(S)

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