Societe Generale: UBS still buying, ups TP
(CercleFinance.com) - UBS confirms its "buy" rating on Societe Generale shares, with a target price raised from E35 to E36, which implies upside potential of 63% for the French bank's share.
Mentioning a solid group performance, with "decent revenues and much better costs", the broker believes that "A credible plan on capital trajectory could help SocGen re-rate".
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Mentioning a solid group performance, with "decent revenues and much better costs", the broker believes that "A credible plan on capital trajectory could help SocGen re-rate".
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.