FINANSGUNDEM.COM – EXCLUSIVE NEWS
US-based investment bank BofA Securities has updated its price target and recommendation for banking sector stocks.
According to the update, Akbank’s price target was reduced from 23.4 TL to 17.75 TL, while the recommendation changed from neutral to sub-index returns. While the target price for Garanti decreased from TL 34 to TL 31.2, BofA Securities increased its recommendation from neutral to buy.
While BofA Securities revised down its target price for Turkish banks, it turned its recommendation for Akbank into sub-index returns. For Garanti Bank (#GARAN), it was updated as ‘A’.
Meanwhile, Akbank management, which has been experiencing frequent system failures in recent years, recently authorized Akbank General Manager Hakan Binbaşgil to make some technology investments abroad.
Akbank, which has experienced system failures recently, headed abroad
Dividend move from Akbank
Akbank deleted 1.4 billion from assets, NPL ratio decreased
Shame on Akbank, disrespect for the Turkish people