Commerzbank: share price rises after positive analysis

(CercleFinance.com) - The share price ended the day up by more than 2%.
Oddo BHF has reiterated its 'outperform' rating and price target of 17.3 euros for Commerzbank, saying its positive approach has been bolstered by the significant increase in speculative interest in the company following Unicredit's acquisition of a stake.

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

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