UBS, ING rally; ERG dips (Il Sole 24 Ore Radiocor) - Milan, 17 Jun - In European stock market dealings most sectors were mixed, with miners leading the losses while tech stocks rose.

Swiss banking giant UBS rallied 1.49%% after it announced it will set aside around 900 million dollars to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital.

Dutch lender ING jumped 1.50% in Amsterdam after it forecast total income growth of between 4% and 5% per year in 2024-2027.

Shares of the Italian renewable energy developer and operator ERG dipped 2.98% in Milan trade, after analysts at Bank of America came out with an "underperform" recommendation on the stock and set a target price of 23 euros per share.

According to BofA analysts, there are no particular catalysts driving the stock's performance at the moment. That could change, however, with a greater than expected growth in repowering of wind projects, an acceleration of its penetration in the US market or a possible takeover on the part of IFM, the Austrian fund that owns 49% of the holding company that controls ERG.

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(RADIOCOR) 17-06-24 13:47:47 (0315) 5 NNNN