Amundi: in right direction with broker upgrade

(CercleFinance.com) - Amundi climbs more than 3% thanks to favourable ratings from Credit Suisse, which raises its recommendation from 'neutral' to 'outperform' and its target price for the French asset management group from 65 to 70 euros.


“In uncertain market conditions, we prefer investment cases with a selfhelp component” says the broker and ups its EPS forecasts between 0-3%, additionally citing “greater capital return or merger & acquisition potential”.

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