Crédit Agricole: Oddo BHF adjusts TP

(CercleFinance.com) - While maintaining its 'neutral' recommendation on Crédit Agricole shares (relative to the sector), Oddo BHF has nudged up its target price for them from E16 to E16.
3 (for 2025), the day after the bank's quarterly publication.

It highlights a slightly lower-than-expected operating profit, albeit with a better-than-expected net income thanks to a very low tax rate, as well as revenues that are up 2%, while slightly below expectations.

The group retains attractive growth potential, particularly in its savings management businesses, but we believe that other stocks have greater appreciation potential, the broker says.


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