06:22 AM EST, 11/10/2026 (MT Newswires) -- Jefferies raised its price target and EPS forecasts for First Abu Dhabi Bank (ADX:FAB), highlighting the lender's funding position and loan growth outlook after its third-quarter results. In a Tuesday note focused on banks from the United Arab Emirates, the research firm noted that management's confident tone during the investor call supports its projection of loan growth reaching close to mid-teens year-over-year for full-year 2026 and achieving double-digit growth into subsequent years. Analysts also expect near-term revenue to potentially favor net interest income, but non-interest revenue could surprise to the upside as FAB leverages its international footprint, wealth management growth, and infrastructure-related investment banking. Against this backdrop, Jefferies raised the buy-rated stock's price target to 25 Emirati dirhams from 24.50 dirhams. The research firm's 2026 to 2028 EPS forecasts for First Abu Dhabi Bank were also upgraded by 4%, 6% and 7%, respectively, to 1.93 dirhams, 2.09 dirhams and 2.30 dirhams. "Our preference is backed by FAB's superior funding position reflected in its sector-low 77% L/D, alongside AA- credit rating (highest among EM banks) and strong sovereign links. 25-28E EPS CAGR 8% vs. 5% prev. Reported news of $5bn rights (Bloomberg, 9 Nov) could raise CET1 to proforma 15.4% 26E (13.2% base case) placing FAB well ahead of peers; if true, this is very likely to fund domestic growth rather than international M&A," analysts wrote, adding the Abu Dhabi-listed company remains its "preferred" UAE bank stock.

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