Goodbody recommends sale of BoI shares

A sell recommendation has been placed on Bank of Ireland with a price target of 8c by Goodbody Stockbrokers.

Tue, 14 Aug, 2012 - 01:00
John Walsh, Business Correspondent

The Dublin-based stockbroking firm yesterday lowered its forecast for 2012 full-year pre-provision profits from €415m to €270m.

In a research paper, Goodbody analyst Eamonn Hughes said the bank faced considerable challenges on its way to recovery.

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