Crédit Agricole: Oddo BHF adjusts TP
(CercleFinance.com) - While maintaining its 'neutral' recommendation on Crédit Agricole shares (relative to the sector), Oddo BHF has nudged up its target price for them from E16 to E16.
3 (for 2025), the day after the bank's quarterly publication.
It highlights a slightly lower-than-expected operating profit, albeit with a better-than-expected net income thanks to a very low tax rate, as well as revenues that are up 2%, while slightly below expectations.
The group retains attractive growth potential, particularly in its savings management businesses, but we believe that other stocks have greater appreciation potential, the broker says.
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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.
3 (for 2025), the day after the bank's quarterly publication.
It highlights a slightly lower-than-expected operating profit, albeit with a better-than-expected net income thanks to a very low tax rate, as well as revenues that are up 2%, while slightly below expectations.
The group retains attractive growth potential, particularly in its savings management businesses, but we believe that other stocks have greater appreciation potential, the broker says.
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.