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(CercleFinance.com) – Barclays announced on Monday that it had raised its recommendation on the BNP Paribas share price from ‘online weighting’ to ‘overweighting’, which it includes with a price target revised upwards from 60 to 70 euros.
In a research note, the financial intermediary explains that it considers that French banks are well positioned as 2023 approaches, both in terms of asset quality and earnings outlook.
On a European scale, the analyst believes that BNP is particularly well placed, which motivates his recommendation increase.
Barclays – which makes the title its ‘preferred value’ (top pick) within the sector – maintains in parallel its recommendation ‘overweight’ on Societe Generale and its advice ‘weight online’ on Crédit Agricole.
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