Euronext: Morgan Stanley raises target price

(CercleFinance.com) - On Wednesday, Morgan Stanley raised its target price for Euronext shares to E96.
1 from E91.7, maintaining its 'overweight' rating.

In a sector study of financial services providers in Europe, the analyst recommends holding the stock, which it considers attractive in view of the publication of its 2023 results.

In the broker's opinion, the stock market operator is a 'cheap' and 'defensive' investment in view of the cyclical upturn expected in 2024, which it believes is likely to lead to an upward revision of market earnings forecasts and an increase in its share price.


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