Crédit Agricole: UBS raises target price

(CercleFinance.com) - UBS underlines that the bank's outlook is stable, with an attractive earnings mix and valuation.
The analyst maintains a buy rating on the stock, with a target price raised to E15.5 (from E15.3).

Q3 results were slightly below expectations, driven by insurance and corporate activities. Earnings forecasts are unchanged, UBS says.

Note that Crédit Agricole SA reported underlying net income (group share) that rose 10.9% to E1.69bn for Q3 2024, with underlying gross operating income up 5.5% to E2.83bn.


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