12:33 PM EST, 11/10/2026 (MT Newswires) -- Jefferies raised its price target and forecasts for Abu Dhabi Commercial Bank (ADX:ADCB) as it updated its model drivers following the lender's third-quarter earnings report. The research firm bumped up the price target to 18.30 Emirati dirhams from 17.30 dirhams, while retaining the stock's hold rating, according to a Tuesday note focused on banks in the United Arab Emirates. Meanwhile, EPS projections for 2026 and 2027 were both increased by 12% to 1.65 dirhams and 1.78 dirhams, respectively, while that for 2028 was lifted by 8% to 1.94 dirhams. "We see scope for 26-27E VA consensus EPS to rise by around 5% as forecasts catch up with mgmt's constructive AQ outlook. Improvement in MT COR guidance reinforces confidence that benign AQ trends can extend beyond 26E," analysts said. "Note that even though consensus EPS uplift opportunity is visible (as is also implied in our estimates), shares have trended relatively flat since the Q3'26 results announcement (22 Oct)."

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