Deutsche Bank Upgrades ING To Buy As Commodity Crash Hits Shares

As ING holds 10% upside potential and near-term surplus return potential, an analyst at Deutsche Bank upgraded ING to Buy and pegged a new target price at €14.5. David Lock of DB in his August 26, 2015 research report titled: “Evaluating risks; Upgrade to BUY” forecasts a 7% dividend yield for ING through 2017. ING share price dropped on lower commodity prices Lock notes ING is now 16% off recent highs, as market concerns grow around the bank’s energy, Chinese, Russian and Ukrainian exposures. He also points out that regulatory risks around RWA inflation also continue to be digested by…