Amundi: Oddo remains a buyer after a roadshow.
(CercleFinance.com) - Oddo has renewed its "buy" rating on the Amundi stock, and has confirmed its target price of 66.
7 euros following a roadshow with the group's CFO.
"Questions raised by investors, who are themselves exposed to the same challenges, are largely focused on the structural transformation of its asset management business and the specificity of answers Amundi provides to them," said the broker, according to which "the challenges are very clear Identified... with rational and realistic answers."
Oddo mentions a persistent pressure on the margins and reports that the group does not anticipate there to be any improvement at this stage. However, "the lasting pressure on the margins is completely integrated into Amundi's strategy", explains the intermediary, for whom third-party distributors should also "continue to have a collection rate that is well above the group average."
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.
7 euros following a roadshow with the group's CFO.
"Questions raised by investors, who are themselves exposed to the same challenges, are largely focused on the structural transformation of its asset management business and the specificity of answers Amundi provides to them," said the broker, according to which "the challenges are very clear Identified... with rational and realistic answers."
Oddo mentions a persistent pressure on the margins and reports that the group does not anticipate there to be any improvement at this stage. However, "the lasting pressure on the margins is completely integrated into Amundi's strategy", explains the intermediary, for whom third-party distributors should also "continue to have a collection rate that is well above the group average."
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.