BNP Paribas: AlphaValue upgrades to Buy
(CercleFinance.com) - AlphaValue announced on Wednesday that it is upgrading its rating on the BNP Paribas stock from "accumulate" to "buy", having increased its corresponding target price from 40 euros to 46.
9 euros.
In a research note titled "unshakeable", the broker explains that it has raised its earnings estimates for 2020 and 2021 for the bank due to its lower-than-expected credit losses for the current year.
AlphaValue stresses that its increased estimates are also due to the sustained results at the French bank's trading division, a trend that it sees will continue next year.
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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.
9 euros.
In a research note titled "unshakeable", the broker explains that it has raised its earnings estimates for 2020 and 2021 for the bank due to its lower-than-expected credit losses for the current year.
AlphaValue stresses that its increased estimates are also due to the sustained results at the French bank's trading division, a trend that it sees will continue next year.
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.