Rothschild & Co: Oddo raises target price
(CercleFinance.com) - Oddo BHF has confirmd its "buy" rating on the Rothschild & Co.
share, having raised its target price from 25.9 euros to 28.4 euros, which represents upside potential of over 25%.
The performance of the advisory division in the second quarter, as well as qualitative indicators, validate the management's highly optimistic nature regarding the outlook for the 2020 revenues outlook of these businesses, the analyst says, who also sees it as a positive signal for 2021.
The broker is therefore raising its forecasts. Finally, the selective approach that the ECB now seems to adopt in terms of dividends should put Rothschild & Co in a pretty favourable position, it adds.
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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.
share, having raised its target price from 25.9 euros to 28.4 euros, which represents upside potential of over 25%.
The performance of the advisory division in the second quarter, as well as qualitative indicators, validate the management's highly optimistic nature regarding the outlook for the 2020 revenues outlook of these businesses, the analyst says, who also sees it as a positive signal for 2021.
The broker is therefore raising its forecasts. Finally, the selective approach that the ECB now seems to adopt in terms of dividends should put Rothschild & Co in a pretty favourable position, it adds.
Copyright (c) 2020 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.