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Société Générale: Oddo raises target price.

(CercleFinance.com) - In a report released on Monday morning, Oddo raised its target price on the Société Générale (SG) stock from 47.
1 euros to 48 euros, while maintaining its "neutral" rating.

However, the broker has implied that it could change its rating on 28 November, when the bank presents its new strategic plan. In Oddo's opinion, SG will have "choose between adjustments and transformation".

Société Générale is not currently one of the stocks whose forecasts could be significantly raised, Oddo adds, which has slightly increased its estimate for revenues in retail banking in France and has reduced its target for revenues from capital markets.

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