Amundi: SG raises target from 62 euros to 68 euros.

(CercleFinance.com) - In reaction to the asset manager Amundi publishing its quarterly accounts, Société Générale (SG) has confirmed its buy rating on the stock.
The broker has raised its 12-month target price from 62 euros to 68 euros.

Indeed, SG analysts have raised their earnings estimates in the wake of this publication: "Record inflows, 4% growth in AUM in the quarter and further operating efficiency underpin our new estimates,” it states in its research report.

Société Générale adds: “We see further upside potential from over-delivery on the Pioneer integration in 2017-2019.”


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