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Abu Dhabi Islamic Bank Price Target Updated as United Securities Notes Q3 Results
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05:39 AM EST, 11/02/2026 (MT Newswires) -- United Securities LLC tweaked its price target on Abu Dhabi Islamic Bank (ADX:ADIB) as it took note of the lender's "mixed" third-quarter earnings in a Sunday note. For the three-month period, the bank logged a 2% year-over-year increase in net income, aligning with United Securities' forecast. Operating income, meanwhile, missed the research firm's estimates by 6%. "While ADIB's 3Q26 results were mixed, with operating income below our estimates and net income broadly in line, we remain positive on the bank, supported by the upward revision to loan growth guidance and the favourable outlook for the cost of risk. This is despite the downward revision to NIM guidance, reflecting the potential impact of further interest rate increases. We revise our target price to AED 25.50/share and maintain a STRONG BUY rating," analysts wrote.
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