(CercleFinance.com) – UBS renewed its buy recommendation on Euronext stock on Tuesday, posting an unchanged target of 94 euros, showing an upside potential of 35%.
In a research note, the broker points out that the pan-European stock market operator’s current market valuation includes the scenario of a fall in volumes worthy of the 2008 financial crisis, a scenario which seems to him highly improbable at this stage.
This depressed stock market valuation, combined with the prospect of forthcoming favorable catalysts, starting with the next annual results, lead the broker to perceive a favorable risk/return profile on the stock.
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