Societe Generale upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Flora Bocahut upgraded Societe Generale (SCGLY) to Overweight from Equal Weight with a price target of EUR 41, up from EUR 30. The bank’s fundamentals are compelling, geared to a French net interest income recovery and BoursoBank profitability swing, the analyst tells investors in a research note. The firm says Societe Generale’s risk/reward is “too attractive to ignore.”