07:02 AM EDT, 05/01/2026 (MT Newswires) -- BofA Global Research reaffirmed Danske Bank's (DANSKE.CO) buy rating, with a price objective of 378 Danish kroner, noting potential upside to consensus estimates after the lender unveiled its 2028 financial targets.

Danske Bank aims to achieve a total income of 63 billion Danish kroner in 2028, against the consensus estimate of 62.6 billion kroner, according to a Thursday note. The lender is also targeting a return on equity of more than 14.5% and a common equity tier 1 ratio of 16%. Meanwhile, its guidance for 2026 was confirmed.

"While the P&L upside to our estimates following [Thursday's] announcements is likely to be limited, the yield story has become more attractive given Danske's intention to run down its buffer to target by 2028E. We continue to see valuation as attractive on 10x P/E and 1.5x P/TBV vs 15% ROTE and an improving payout yield in 2028E,"analysts said.

For the first quarter of 2026, Danske Bank's net profit declined 1% year over year to 5.69 billion kroner, 2% higher than the research firm's forecast but 1% lower than consensus.