Crédit Agricole: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Crédit Agricole SA shares, with a target price raised from E15.
6 to E15.9, a new target that offers 20% upside potential for the French bank's shares.

"CASA's 2Q24 performance was ahead of market expectations", the broker notes, which also points out that "The earnings mix is well suited to falling rates. The valuation - 6.0x FY25 ex Amundi - is attractive".


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