KBC: Oddo still a buyer, adjusts target price

(CercleFinance.com) - Oddo BHF has reinstated its "buy" recommendation on the KBC share, while reducing its target price from 68 euros to 63 euros, the day after the Belgian financial institution presented what is says is a solid first quarter in 2020 and realistic guidelines.


The group is reassuring on the operational situation at the beginning of the year and provides clear, although realistic guidance in the face of COVID, says the analyst, adding that its solvency remains comfortable, despite a (logically) disrupted first quarter.


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