Citi lifts Alpha Bank forecast as profits set to top €1bn

Citi has raised its target price for Alpha Bank to €5.30 from €4.70 following the Greek lender’s strong second-quarter results, while retaining its buy recommendation for the shares. Based on Alpha Bank’s closing share price of €4.55 on August 7, the revised target implies 16.5 per cent upside, which rises to a total potential return […]