Greek stocks climb on bank gains and higher ADME target price

The Athens General Index rose 1.40% to 2,385.56 points, driven by a 1.48% surge in the banks index and gains in blue‑chip shares. Investors cited a de‑escalation in the Israel‑Iran conflict and lower oil prices—Brent fell below $93 per barrel and U.S. WTI to $89.28—as supportive factors. Eurobank shares led the rally, up 2.33%, while other major Greek equities also posted gains. European markets mirrored the upbeat tone, with indices such as the Stoxx 600, Eurostoxx 50, DAX, CAC 40 and FTSE 100 all posting modest advances.

Eurobank Equities raised its price target for ADME Holding to €4.40 from €3.66, maintaining a buy recommendation. The analyst team highlighted ADME’s shift from a dividend‑focused utility to a regulated growth infrastructure, backed by a €1 billion capital increase and a multi‑year investment programme aimed at expanding the regulated asset base to €6.9 billion by 2029. Forecasts call for EBITDA to rise to €562 million by 2028 and net profit to exceed €300 million, supporting the revised valuation premium.