(CercleFinance.com) – Bnp Paribas fell by almost 2% at the start of the afternoon and thus underperformed a stable CAC40, under the weight of a recommendation downgrade at UBS from ‘buy’ to ‘neutral’ with a price target lowered from 69.2 to 57.7 euros.
‘BNP Paribas is cheap in absolute terms, but we think it is too dependent on the growth of the CIB to achieve its ROTE objective’, judges the broker, who anticipates lower EPS for the banking group of 9 to 14 % to consensus.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
