Amundi: Barclays nudges up TP

(CercleFinance.com) - While maintaining its 'equal weight' recommendation on Amundi shares, Barclays has nudged up its target price for them from E70 to E72, increasing its guidance by around 5% for 2024, but less so for future EPS.


"Amundi's Q1 results were stronger than expected across AUM, flows and net income", the broker says after last week's results.

Barclays also notes that the asset management group's earnings growth resulting from this outperformance is further enhanced by the completion of the Alpha acquisition a quarter ahead of schedule, on 2 April


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