Amundi: upbeat with analysts' comments

(CercleFinance.com) - Bucking the trend in Paris, Amundi is up almost 2% on the back of positive comments from Oddo BHF, which has reiterated its 'outperform' opinion, with a price target raised slightly from €75 to €78.


The research firm explains that it is raising its target to take into account the favorable impact of market variations since the end of June, which has led it to raise its EPS forecasts for 2024 and 2025 by 1.5% and 4.1% respectively for the asset management group.

He believes that Amundi retains various medium/long-term growth levers, as well as the capacity for external growth, and sees the steepening of the yield curve supporting net inflows to its medium/long-term savings products over time.

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