(CercleFinance.com) – Oddo BHF reiterates its ‘outperformance’ opinion on Commerzbank and increases its price target from 15.8 to 17.7 euros, after an upward adjustment of its net profit expectations (+2% on average on 2024-26) after the quarterly reports from the German bank.
‘The publication confirms the rather favorable development for Commerzbank both in terms of operations and the balance sheet, and ultimately reinforces the credibility of the prospects for significant improvement in shareholder returns in the short and medium term’, judges- he.
‘The valuation remains interesting given the solid fundamentals and this high return potential,’ continues Oddo BHF, which sees an upside potential of almost 20% for the stock, compared to less than 10% on average within its coverage. sectoral.
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