Natixis: Oddo ups target price
(CercleFinance.com) - An analyst at Oddo this morning confirmed his buy rating on the Natixis stock, raising his target price from 7.
35 euros to 7.85 euros.
The broker said that it is increasing its target price by 7%, reflecting the fall in capital requirements over the medium term, which will have a positive impact on surplus equity capital and the valuation of operating units, the broker said.
As a reminder, net income, group share published for Q1 2018 amounts to 323 million euros, up 15% year-on-year.
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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.
35 euros to 7.85 euros.
The broker said that it is increasing its target price by 7%, reflecting the fall in capital requirements over the medium term, which will have a positive impact on surplus equity capital and the valuation of operating units, the broker said.
As a reminder, net income, group share published for Q1 2018 amounts to 323 million euros, up 15% year-on-year.
Copyright (c) 2018 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.