Natixis: Deutsche Bank raises target price
(CercleFinance.com) - Deutsche Bank is maintaining its "hold" recommendation on the Natixis share before the group publishes its quarterly results on 3 August.
It has, however nudged its target price up from 2.9 euros to 3 euros.
While it says it expects an unfavourable quarter on almost all fronts, the brokerbelieves that the bulk of the crisis - in terms of impact on revenues - will be wiped out over the past quarter.
Natixis has a strong capital-building capability (through an asset-efficient model) and usually generates more organic capital than its peers in favourable environments, the broker appreciates.
On this basis, the analyst sees potential for high dividends, including the prospect of a double-digit dividend yield.
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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.
It has, however nudged its target price up from 2.9 euros to 3 euros.
While it says it expects an unfavourable quarter on almost all fronts, the brokerbelieves that the bulk of the crisis - in terms of impact on revenues - will be wiped out over the past quarter.
Natixis has a strong capital-building capability (through an asset-efficient model) and usually generates more organic capital than its peers in favourable environments, the broker appreciates.
On this basis, the analyst sees potential for high dividends, including the prospect of a double-digit dividend yield.
Copyright (c) 2020 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.