Amundi: stock boosted by analyst's comments
(CercleFinance.com) - The Amundi share is keeping afloat and ahead of a flat market on Tuesday, helped by Oddo BHF, which reinstates its "outperform" rating on the asset management group's share, having increased its target price by 4% to 80.
2 euros.
The broker has increased its earnings estimates by 6% for 2021 and 2022, mainly due to net new money in the last quarter of 2020 and the base effect that this has on assets under management.
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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.
2 euros.
The broker has increased its earnings estimates by 6% for 2021 and 2022, mainly due to net new money in the last quarter of 2020 and the base effect that this has on assets under management.
Copyright (c) 2021 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.