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Bank of America analyst raises target price for AIB shares
Alastair Ryan also expects the lender to pay out €1.8 billion per year for the next three year
Shares in AIB have more room for growth and the bank is expected to pay out more to shareholders in the coming years, according to a leading analyst.
Alastair Ryan, research analyst at Bank of America (BofA), raised AIB’s price objective from €6.10 to €6.40 when fully valued. Shares are currently trading at €4.85 after climbing 25 per cent since the start of the year.
Ryan also anticipates the Irish bank will pay out all ...