Euronext: RBC Capital Markets raises target price.
(CercleFinance.com) - On Tuesday RBC Capital Markets raised its target price for Euronext from 50 euros to 51 euros, maintaining its "outperform" rating on the shares of the European financial markets operator.
The brokerage firm has increased its earnings estimates for the company, expecting second-quarter results to read favourably against consensus.
"While the potential upside is no longer as material, Euronext offers upside to the ongoing European economic recovery, with higher operating margins and ongoing balance sheet deployment," RBC said.
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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 brokerage firm has increased its earnings estimates for the company, expecting second-quarter results to read favourably against consensus.
"While the potential upside is no longer as material, Euronext offers upside to the ongoing European economic recovery, with higher operating margins and ongoing balance sheet deployment," RBC said.
Copyright (c) 2017 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.