Intesa Sanpaolo: Oddo still a seller, but ups target
(CercleFinance.com) - Oddo BHF maintains a "Reduce" rating on the Intesa Sanpaolo share, noting virtually inexistent upside potential (against around 15% for the sector), relative to its target price, which the broker has nudged up from 2.
30 euros to 2.40 euros.
Q4 2019 results are reassuring - both in operational terms and regarding capital, thereby confirming the quality of Intesa Sanpaolo's fundamentals, says the analyst who monitors the Italian bank.
"However, it only validates our medium-term expectations overall, at this stage leaving little leeway for a more positive approach, the broker nevertheless continues, adding that the share's valuation is in line with its sector.
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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.
30 euros to 2.40 euros.
Q4 2019 results are reassuring - both in operational terms and regarding capital, thereby confirming the quality of Intesa Sanpaolo's fundamentals, says the analyst who monitors the Italian bank.
"However, it only validates our medium-term expectations overall, at this stage leaving little leeway for a more positive approach, the broker nevertheless continues, adding that the share's valuation is in line with its sector.
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.