CNP Assurances: Oddo BHF upgrades stock
(CercleFinance.com) - Oddo BHF has upgraded its ratin on the CNP Assurances stock from "neutral" to "buy," while cutting its corresponding target price from 20 euros to 18 euros, pointing out an excessive fall in the share price, which it says maintains its sound fundamentals.
The analyst points to the group's commercial dynamics, driven by its international operations and solid earnings that are steadily increasing. Although the group's solvency margin is impacted by the new treatment of PPE (providence, protection and loan insurance), he adds that the group is considering a new stance towards the risk of its investments.
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