Goldman Sachs reshuffles Greek bank ratings, lifts Eurobank to buy and trims NBG to neutral
Goldman Sachs updated its coverage of Greece’s major lenders, upgrading Eurobank to buy and downgrading National Bank of Greece to neutral, while keeping buy calls on Piraeus and Alpha Bank. The firm increased price targets across the board, citing a lower cost of capital and more favourable structural profitability for the sector, and outlined key…