BofA: New recommendations on the goals prices of Greek banks – Upgrade of Alpha bank

Its assessment of Greek was changed by BofA, while it showed cautious optimism regarding its recommendations. In particular, BofA proceeded to upgrade Alpha Bank’s recommendation to neutral from a sub-performance recommendation, while still in its main options Piraeus Bank and Eurobank, in which it maintains market recommendations (buy). At the same time, she is still cautious about the National Bank, in which she maintains the recommendation of subperformance. Target prices are for Piraeus Bank 5.30 euros (from 5.12 euros before) with 37% growth margins. For Eurobank, the target price is EUR 2.76 (from EUR 2,70 before) with a growth margin of 40%. For Alpha Bank, the target price is reduced to 1,79 euros (from 1,80 euros before) and the rise margin is 19%. For the National Bank, the target price is increased to 8.06 euros (from 7.06 euros before), with an increase margin of 10%.