(Boursier.com) — Amundi fell 0.5% to 61 euros this Friday, while Barclays remains at ‘market weighting’ on the file with an adjusted target price of 68 to 70 euros. JP Morgan, which overweights the stock, had already raised its target price to 80.50 euros in a context of less pressure on long rates against a backdrop of falling inflation, while the group seems to have finished the 2023 financial year solidly after having published assets under management up 4.1% over one year at the end of September…
The group’s assets under management increased in the third quarter by 13.7 billion euros year-on-year to stand at 1,973 billion euros at the end of September. Passive management recorded strong inflows in the third quarter, of 10.8 billion euros. Amundi’s joint venture with the Indian public bank SBI also contributed to the collection (+2 billion euros).
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