Credit Agricole: Oddo raises target price
(CercleFinance.com) - Oddo maintains its "outperform" rating on Crédit Agricole shares and has increased its corresponding target price to 13.
3 euros (from 12.4 euros previously).
The broker said it that it has revised its earnings estimates for CASA to reflect a less conservative approach to the group's short- and medium-term operating outlook.
Ultimately, the overall impact on analysts' 2021/2022 earnings estimates is an improvement of 5% on average (+3% over 2021 and then +7% over 2022) - their estimates remain higher than the consensus for 2021/2023 (+15% on average), they say.
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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 euros (from 12.4 euros previously).
The broker said it that it has revised its earnings estimates for CASA to reflect a less conservative approach to the group's short- and medium-term operating outlook.
Ultimately, the overall impact on analysts' 2021/2022 earnings estimates is an improvement of 5% on average (+3% over 2021 and then +7% over 2022) - their estimates remain higher than the consensus for 2021/2023 (+15% on average), they say.
Copyright (c) 2021 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.