(Boursier.com) — More opinions from brokers on the Agricultural credit which fell 2.2% this Thursday to 13.75 euros. Goldman Sachs is thus selling on the bank with a price target of 12.10 euros in a rate context which remains difficult to read, while Deutsche Bank has returned to ‘purchase’ on the green bank with a target raised to… 17 euros. Historically, the broker explains that CASA has outperformed in an environment of low rates and moderate economic growth due to its relatively high share of asset-light businesses. Recent cyclical market tailwinds, impending rate cuts and a more favorable economic outlook have reinforced his conviction in CASA to achieve its 2025 targets. The discount given to CASA compared to European banks n t is not justified, according to DB, given its healthy profitability levels and superior business mix.
Conversely, Morgan Stanley had downgraded the file to ‘underweight’ with a target adjusted to 15 euros. Crédit Agricole has an “unattractive” valuation according to the broker, lower capital levels than its wider European counterparts and questions arise regarding its objectives, believes MS…
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