Buy KBC Group as Revenue Growing Faster Than Costs, Bank of America Says

• (PLX AI) - KBC revenues are likely to grow faster than costs, analysts at Bank of America said, upgrading the stock to buy from neutral.
• • Price target raised to EUR 78 from EUR 75
• • KBC's net interest income growth outlook is driven by solid volume growth in mortgages and commercial loans as well as higher rates, BofA said
• • With M&A deals unlikely in the coming quarters, KBC may even distribute more capital to shareholders, BofA said