(CercleFinance.com) – BNP Paribas gained nearly 2% and thus outperformed the trend in Paris, supported by comments from UBS which reaffirmed its ‘buy’ recommendation on the stock of the banking establishment, with a raised price target from 68 to 72 euros.
‘BNP remains our top choice among French banks’, the broker said in its note summary, highlighting ‘stronger double-digit earnings and ROTE (return on equity) growth in sight’.