Euronext: share price rises, broker raises his recommendation

(CercleFinance.com) - Euronext gained over 1% in Paris after Deutsche Bank raised its recommendation on the stock from 'hold' to 'buy', with a price target raised from 83 to 104 euros, judging that 'its underperformance relative to peers and the market now creates a compelling opportunity'.


Sales growth is accelerating, and the Group is expected to highlight its improved business mix and structural growth profile at its November investor day", stresses the broker, who raises his forecasts.

"Accelerating growth this year and more ambitious medium-term targets should also lead to an upgrade", he continues, while pointing to a larger-than-usual discount to its global peers.

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