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Natixis: Jefferies upgrades to 'buy'

(CercleFinance.com) - Jefferies analysts said on Tuesday that they have upgraded their rating on the Natixis stock from "hold" to "buy".


In their research note, Jefferies analysts justify their increase by (1) the fact that the worst of the crisis occurred in Q2, (2) the arrival of a new CEO, who should focus on improving the profitability of the corporate and investment banking (CIB) business and (3) the group's encouraging outlook in terms of dividends.

The broker has also raised its target price for the share from 2.7 euros to 2.8 euros.


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