Société Générale: UBS maintains 'buy' rating

(CercleFinance.com) - UBS reinstats its "buy" recommendation on the Société Générale share, along with its target price of 32 euros, which suggests upside potential of 47% for the French bank.


"French banks are diversified and thus more resilient to dovish central banks," the broker says, which expects more capital build in the second quarter of 2019 and which still considers BNP Paribas as its favorite value ("top pick").


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