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United Securities Updates Abu Dhabi Commercial Bank Price Target After Q3 Earnings Beat
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05:36 AM EDT, 10/27/2026 (MT Newswires) -- United Securities LLC revised its price target for Abu Dhabi Commercial Bank (ADX:ADCB) as the lender's third-quarter earnings exceeded expectations, according to a Monday note. Thanks to lower-than-expected provisions, net income rose 15% year over year, surpassing United Securities' estimate by 8%. Operating income rose 8% annually and was 5% above the research firm's forecast. "ADCB continues to deliver results ahead of expectations, with both operating income and net income exceeding our estimates. Management has also revised its cost-of-risk guidance downward to 0.50%, reflecting the improvement in provisioning trends. We maintain our BUY rating and revise our target price to AED 19.0 per share," analysts wrote.
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