01:30 AM EDT, 09/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target price to USD30 from USD25, as we change our methodology from using P/B multiple to P/E multiple, better aligning with current market conditions and the ING's operational trajectory. Our target price reflects a 2026 P/E of 11.3x, with the premium over ING's five-year historical average forward P/E of 8.9x justified by its improved profitability and capital return potential. We believe ING's operational momentum and attractive valuation justify an upgrade to Buy. The bank has successfully navigated the challenging rate environment while demonstrating strong execution on capital returns, cost discipline, and fee income diversification. ING's EUR2B share buyback program provides immediate shareholder value creation, while the bank trades at only 9.5x 2026E P/E despite a 20% rally since our May upgraderepresenting compelling value for a quality European banking franchise. We keep our 2025 earnings per ADS (EPADS) forecast of EUR2.00 but raise our 2026 EPADS estimate to EUR2.30 (from EUR2.20).