Société Générale: UBS maintains buy rating, raises TP

(CercleFinance.com) - UBS reinstates its "buy" rating on Société Générale shares, having increased its target price for them from 30 euros to 31.
8 euros, a new target price that suggests upside potential of 33% for the French banking establishment's share.

"Medium term investment case is unchanged with 20% pre-prov growth for 22-24E," the broker said, adding that "near term topline momentum and higher CET1 are supportive into next year".



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