1024 GMT - Raiffeisen Bank International's investment case is solid and shares look undervalued, Erste Group says in a research note. The Austrian bank is unlikely to materially change its annual guidance at its 1Q results as U.S. tariffs are projected to only have a limited impact on economic growth in Central and Eastern Europe, analyst Thomas Unger writes. "With all eyes on tariffs, the momentum for peace in Ukraine appears to have slowed, but the progress there and Russia's new position in the world are highly relevant for RBI," he notes. Erste raises its rating to buy from accumulate and its target price to 29 euros from 20.6 euros. Shares trade at 21.04 euros, down 1.3% in line with the market. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 06:25 ET (10:25 GMT)
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