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Societe Generale: UBS raises target price

( - UBS has reiterated its 'buy' rating on Societe Generale shares, raising its target price for them from E25.
5 to E27.6, with its new target price representing 28% upside potential for the French banking institution's shares.

"SocGen produced more profit in 4Q23, driven by French retail, and provided more confidence around the path to a 9% ROTE)," the broker points out.

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