Amundi: Berenberg likes joint venture in China
(CercleFinance.com) - Broker Berenberg has reiterated its "buy" rating on the Amundi share, along with its target price of 74 euros on Amundi (upside of over 5%), pointing out Amundi's new Chinese joint venture which it says, "highlights a broader truth".
"Amundi is one of the few global asset managers with the scale and expertise to take advantage of the retail fund opportunity in emerging markets. Investors often overlook the value that this creates," Berenberg says.
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.
"Amundi is one of the few global asset managers with the scale and expertise to take advantage of the retail fund opportunity in emerging markets. Investors often overlook the value that this creates," Berenberg says.
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.