Société Générale: Barclays upgrades stock
(CercleFinance.com) - Barclays has raised its recommendation on Societe Generale from 'equal weight' to 'overweight', with a target price raised by 37% to E41, deeming the company's risk-return profile too attractive to ignore.
The fundamentals are convincing for Societe Generale, the broker says, citing a recovery in net interest income in France, a pivot in BoursoBank's profitability, internal measures on costs and sufficient CET1.
The French risk has not disappeared, but has dissipated sufficiently from our point of view to represent a more limited risk for Societe Generale, Barclays adds, pointing to a recent decline in the yield spread between the French OAT and the German Bund.
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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 fundamentals are convincing for Societe Generale, the broker says, citing a recovery in net interest income in France, a pivot in BoursoBank's profitability, internal measures on costs and sufficient CET1.
The French risk has not disappeared, but has dissipated sufficiently from our point of view to represent a more limited risk for Societe Generale, Barclays adds, pointing to a recent decline in the yield spread between the French OAT and the German Bund.
Copyright (c) 2025 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.