BNP Paribas: Oddo BHF trims TP, but still a buyer
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on BNP Paribas shares, with a target price reduced from E81 to E78, to take into account an implicit 50bp rise in its cost of capital to account for political uncertainties in France.
The stock currently seems particularly attractive in terms of risk/reward, while over the next six months BNP Paribas will benefit from an improvement in its interest income and the redeployment of capital from the sale of BankWest.
Also highlighting its strong geographic and business line diversification, very cautious risk management and very solid balance sheet, Oddo BHF sees around 24% upside potential in the stock by the end of the year.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The stock currently seems particularly attractive in terms of risk/reward, while over the next six months BNP Paribas will benefit from an improvement in its interest income and the redeployment of capital from the sale of BankWest.
Also highlighting its strong geographic and business line diversification, very cautious risk management and very solid balance sheet, Oddo BHF sees around 24% upside potential in the stock by the end of the year.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.