Crédit Agricole: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded Crédit Agricole shares from 'neutral' to 'buy', with a target price maintained at E15.
6, which offers 14% upside potential for the French banking institution's stock.
The broker considers Crédit Agricole undervalued at 7x 2025 - 6x excluding Amundi - and with around 15% upside potential, 8% yield, as well as a track record of exceeding earnings and acquisition valuation expectations.
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.
6, which offers 14% upside potential for the French banking institution's stock.
The broker considers Crédit Agricole undervalued at 7x 2025 - 6x excluding Amundi - and with around 15% upside potential, 8% yield, as well as a track record of exceeding earnings and acquisition valuation expectations.
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.