Crédit Agricole: Deutsche Bank goes to Purchase – 03/27/2024 at 10:31

(AOF) – Deutsche Bank raised its recommendation from Hold to Buy and increased its price target from 13.50 euros to 17 euros on Crédit Agricole as part of a sector rating. “Historically, Crédit Agricole has outperformed in an environment of low rates and regular economic growth thanks to its relatively high share of activities mobilizing little capital (asset-light),” notes the research office.

Recent cyclical market trends, imminent rate cuts and a more favorable economic outlook have also reinforced the analyst’s conviction that Crédit Agricole should achieve its 2025 objectives.

Finally, the discount compared to other European banks seems unjustified, particularly given its good levels of profitability.


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