ABN Amro's share price has risen by almost 2% in Paris, as UBS today confirmed its 'buy' recommendation on the stock and raised its target price from 18 to 18.7 euros, a new target that implies a potential upside of 31% for the Dutch bank's shares.

In the summary of its note, the broker explains that it is raising its forecasts and price target 'to take into account the improvement in net interest income in the fourth quarter, as well as the new targets announced by management'.

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