BNP Paribas: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF has reiterated its "outperform" recommendation on BNP Paribas shares, raising its target price for them from E75 to E77, to take into account the good revenue momentum, which has led it to raise its EPS forecasts.


The broker points to a 5.3% increase in underlying revenues for the bank in Q1, with a low cost of risk and the group's forecast of a significant increase in its net distributable income.

Oddo BHF also points to a balance sheet that remains extremely solid, and stresses that the stock is still trading at very low multiples (around 0.66x tangible equity for a RoTE 2025 of around 12%).


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