Commerzbank: Oddo BHF still a buyer

(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on Commerzbank shares, along with its E17.
3 target price, saying that its positive approach has been reinforced by the significant increase in speculative interest in the company following Unicredit's acquisition of a stake.

It believes that the expected further recovery in operating performance, coupled with a now more solid/credible balance sheet situation, suggests a significant improvement in shareholder return that is still insufficiently valued.


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