Jefferies Upgrades Eurobank's Target Price to €5

Jefferies has upgraded its target price for Eurobank to €5, maintaining a buy recommendation. The new target price suggests an upside potential of 45%.

The revision is based on the prospect of high profitability and increased capital returns. Distributions to shareholders are expected to reach approximately €3 billion in the period 2026-2028, up 75% compared to the previous three years.

Despite slight reductions in profitability estimates, Jefferies believes the overall picture remains positive, with capital adequacy at 14.6% in 2028.

Eurobank is considered a top pick in the Greek banking sector.