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Intesa Sanpaolo: Oddo still a seller, but ups target

( - Oddo BHF maintains a "Reduce" rating on the Intesa Sanpaolo share, noting virtually inexistent upside potential (against around 15% for the sector), relative to its target price, which the broker has nudged up from 2.
30 euros to 2.40 euros.

Q4 2019 results are reassuring - both in operational terms and regarding capital, thereby confirming the quality of Intesa Sanpaolo's fundamentals, says the analyst who monitors the Italian bank.

"However, it only validates our medium-term expectations overall, at this stage leaving little leeway for a more positive approach, the broker nevertheless continues, adding that the share's valuation is in line with its sector.

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