Deutsche Bank upgraded Societe Generale (SCGLY) to Buy from Hold with a price target of EUR 63, up from EUR 52. Shares have declined about 10% in the past week on concerns around the political situation in France, notes the analyst, who sees this as a buying opportunity given the firm’s view of SocGen’s potential for above-sector profitability growth and capital returns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCGLY:
- Societe Generale price target raised to EUR 65 from EUR 57 at JPMorgan
- Societe Generale upgraded to Buy from Neutral at UBS
- Societe Generale price target raised to EUR 63 from EUR 60 at Barclays
- Societe Generale price target raised to EUR 55 from EUR 49 at RBC Capital
- Societe Generale price target raised to EUR 68 from EUR 62 at Morgan Stanley