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.
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.
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.
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.