(News Bulletin 247) – Berenberg raised its price target on Societe Generale on Friday, raising it from 25.5 to 30 euros, while renewing its recommendation to ‘hold’ on the stock.
In a research note, the analyst notes that the French bank’s share price has outperformed the sector by 11% over the past month, amid growing optimism about the day ahead for investors.
If investors tend to revise their expectations of the group upwards, the intermediary believes that it will be difficult for the French establishment to present a new development plan likely to satisfy the market without making any real change. of strategic direction.
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