(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Societe Generale with a price target raised from 35 to 36 euros, a new target which implies a potential increase of 63% for the title of the French banking establishment.
Mentioning a solid performance of the group with ‘decent income and much better costs’ in the summary of its note, the broker believes that ‘a credible plan on the capital trajectory could help Societe Generale to revalue itself’.
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