ING Groep (ING) Downgraded to ‘Equal Weight’

ING Groep N.V. (NYSE:ING) is included among the 15 Large Cap Stocks with Highest Dividends.

ING Groep N.V. (NYSE:ING) is a global bank with a strong European base. Its more than 60,000 employees offer retail and wholesale banking services in over 100 countries around the world.

ING Groep N.V. (NYSE:ING) had a setback on March 23 when Morgan Stanley downgraded the stock from ‘Overweight’ to ‘Equal Weight’, while assigning it a price target of €28. The target still indicates an upside of over 25% from the current levels.

The move comes after Morgan Stanley recommended taking a more defensive stance on the European banks. The analyst firm sees multiple risk factors amid a lack of clarity for investors.

That said, ING Groep N.V. (NYSE:ING) is targeting its total income to grow by over 4% YoY to around €24 billion in 2026. The bank then intends to continue this momentum and deliver a total income exceeding €25 billion in 2027.

As of the writing of this piece, the share price of ING Groep N.V. (NYSE:ING) has fallen by over 10% since the beginning of 2026. However, the stock currently has a forward P/E ratio of 9.05 and was recently included in our list of the 11 Undervalued European Stocks to Buy Now.

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