Natixis: Jefferies upgrades rating.
(CercleFinance.com) - Jefferies has upgraded its rating on Natixis from "hold" to "buy," and has raised its target price from 6.
94 euros to 7.45 euros, which gives the banking stock upside potential of 20%.
"Q2 results benefited from the plan launched in 2014 and it opened the doors to the group investor day on 20 November," the broker said, believing that "management should keep its successful strategy with limited adjustments".
Jefferies expects "a capital light strategy and focus on fee activities to build up large capital to support either some acquisitions or an additional capital distribution."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
94 euros to 7.45 euros, which gives the banking stock upside potential of 20%.
"Q2 results benefited from the plan launched in 2014 and it opened the doors to the group investor day on 20 November," the broker said, believing that "management should keep its successful strategy with limited adjustments".
Jefferies expects "a capital light strategy and focus on fee activities to build up large capital to support either some acquisitions or an additional capital distribution."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.