BNP Paribas: Barclays lowers target price

(CercleFinance.com) - Barclays confirms its 'overweight' recommendation on BNP Paribas shares, but lowers its TP for them from E90 to E85, after reducing its 2025-26 EPS forecasts by 5% to 7%, to levels closer to consensus.


While net profit was in line with expectations, Q3 saw some negative surprises, with a CET1 ratio 20bp lower and lower revenues in retail banking in the eurozone, Equities & Prime, Arval & Leasing, the broker notes.


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