Morgan Stanley lifts price targets for Alpha Bank and National Bank of Greece

Morgan Stanley has updated its outlook for Greece’s major banks following their second-quarter results, raising price targets for Alpha Bank and the National Bank of Greece while maintaining a positive stance on the sector and favouring Alpha Bank, Eurobank and Piraeus Bank over the National Bank of Greece in terms of investment appeal.

In its latest report, the findings of which were shared by Greek business outlet Insider, the US investment bank raised its price target for Alpha Bank to...