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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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.
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".
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.