Natixis: BarCap initiates coverage as a buyer
(CercleFinance.com) - In its report on French banks, Barclays Capital (BarCap) has begun to monitor the Natixis stock, with a buy ("overweight") rating.
The broker's target price of 5.9 euros suggests upside potential of over 30%.
In its note entitled "Traps and Opportunities," Barclays Capital indicates that Natixis is its main bet ("key call") amongst French banking stocks, and is indeed the only French banking stock on which it has a buy rating.
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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.
The broker's target price of 5.9 euros suggests upside potential of over 30%.
In its note entitled "Traps and Opportunities," Barclays Capital indicates that Natixis is its main bet ("key call") amongst French banking stocks, and is indeed the only French banking stock on which it has a buy rating.
Copyright (c) 2019 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.