Crédit Agricole: price target raised by UBS

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Crédit Agricole SA, with its price target raised from 15.
6 to 15.9 euros, a new target that offers 20% upside potential for the French bank's shares.

CASA's performance in the second quarter of 2024 exceeded market expectations", notes the broker, who also points to a "results mix well adapted to lower rates" and an "attractive valuation (at six times 2025 excluding Amundi)".

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