Euronext: Barclays still neutral towards stock
(CercleFinance.com) - Despite the potential agreement between Euronext and Borsa Italiana, Barclays has a neutral rating on the Euronext share, with a target price of 93 euros.
On 18 September, Euronext and CDP Equity confirmed the existence of exclusive discussions with LSE (London Stock Exchange Group) to buy its subsidiary, Borsa Italiana, in a joint deal with Intesa Sanpaolo.
"We see the current valuation as full and maintain our Equal Weight rating and E93 target price," the broker said.
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