Eurazeo: Bank of America upgrades stock
(CercleFinance.com) - Bank of America has upgraded its rating on the Eurazeo share from "neutral" to "buy," having raised its corresponding target price from 51 euros to 57 euros, "following significant revisions to our fundraising estimates due to a pipeline update".
"We also think Eurazeo's portfolio MTM adjustments could be improving after sizeable negative adjustments in 1H20," the broker summarises.
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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.
"We also think Eurazeo's portfolio MTM adjustments could be improving after sizeable negative adjustments in 1H20," the broker summarises.
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.