Euronext: Credit Suisse begins monitoring with buy rating
(CercleFinance.com) - Credit Suisse analysts have as begun monitoring the Euronext share with a buy rating ("outperform") and a target price of 78.
45 euros.
Analysts hail the group for its high cash-generating business model, as well as its proven ability to deploy surplus cash in value-accretive M&A.
Credit Suisse also believes that the consolidation of financial market operators is set to continue, and that Euronext has about 500 million euros that it can either allocate to external growth deals or return to its shareholders.
Copyright (c) 2019 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.
45 euros.
Analysts hail the group for its high cash-generating business model, as well as its proven ability to deploy surplus cash in value-accretive M&A.
Credit Suisse also believes that the consolidation of financial market operators is set to continue, and that Euronext has about 500 million euros that it can either allocate to external growth deals or return to its shareholders.
Copyright (c) 2019 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.