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Amundi: Jefferies starts coverage, saying 'buy'

(CercleFinance.com) - Jefferies has begun to monitor the Amundi share with a "buy" rating and a target price of 85 euros, in a joint note on the French asset manager and on its German peer DWS, expressing its preference for the former.

Indeed, the broker sees "the prospect of superior organic growth, first-rate operational efficiency, as well as the potential for external growth or capital returns, all at a discount on the PE compared to the sectoral average".

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