Accueil > Actualité
Actualite financiere : Actualite bourse

Credit Suisse: Berenberg maintains 'hold' rating

( - Berenberg says it maintains a "hold" rating on the Credit Suisse share, with a target price of 12.
50 Swiss francs, citing the group's "cautious" outlook.

Credit Suisse is now delivering better results than in the past few years, the German broker points out in a note, but its CEO is very cautious about the outlook, it adds.

As such, its 11-12% RoTE (return on tangible equity) target for 2020, compared to 8.8% for the first nine months of 2019 looks "increasingly unachievable" in its view.

This should not come as a surprise to the market with consensus already about 20% below this number, Berenberg notes.

Copyright (c) 2019 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.