Crédit Agricole: Oddo BHF adjusts its target

(CercleFinance.com) - While maintaining its 'neutral' recommendation on Crédit Agricole (relative to the sector), Oddo BHF raises its price target very slightly from 16 to 16.
3 euros to 2025, the day after the quarterly publication.

It highlights a slightly lower-than-expected operating profit, but with a better-than-expected net income thanks to a very low tax rate, as well as revenues up 2% but 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', judges the research department.

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