Amundi: Credit Suisse still on hold
(CercleFinance.com) - The broker held a meeting with Amundi's management.
Amundi believes that the Chinese market is 25 times larger than the French market and that therefore in 5 years' time, its business in China could exceed that in France.
Regarding the outlook for mergers and acquisitions, management has said that this is not an immediate priority.
"2021 targets are on track for delivery by end 2020," Amundi adds.
Credit Suisse confirms its neutral rating on the share with a target price of 65 euros (current price: 61 euros).
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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.
Amundi believes that the Chinese market is 25 times larger than the French market and that therefore in 5 years' time, its business in China could exceed that in France.
Regarding the outlook for mergers and acquisitions, management has said that this is not an immediate priority.
"2021 targets are on track for delivery by end 2020," Amundi adds.
Credit Suisse confirms its neutral rating on the share with a target price of 65 euros (current price: 61 euros).
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.