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Eurazeo: Bank of America upgrades stock

( - Bank of America has upgraded its rating on the Eurazeo share from "neutral" to "buy," having raised its corresponding target price from 51 euros to 57 euros, "following significant revisions to our fundraising estimates due to a pipeline update".

"We also think Eurazeo's portfolio MTM adjustments could be improving after sizeable negative adjustments in 1H20," the broker summarises.

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