Brokerage firm lifts Bank of Cyprus forecasts after strong results

Euroxx Research has raised its earnings forecasts for the Bank of Cyprus for 2026-2028 and increased its target price for the lender’s shares to €13 from €11.50, following stronger-than-expected first-half results.

The brokerage said the shares remain an attractive investment option, combining defensive characteristics, a strong capital position and an exceptionally high dividend yield, which it expects to reach 9.2 per cent in 2026....