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.
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Read More on SCGLY:
- Societe Generale price target raised to EUR 65 from EUR 57 at JPMorgan
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