Barclays has reaffirmed its 'overweight' recommendation on Amundi, with its target price raised from 67 to 73 euros, in the wake of EPS forecasts raised by around 2 to 4% for the asset and investment management group.

We believe that Amundi's advantages of scale and diversity of assets under management remain attractive, valued at 10.5 and 9.3 times in terms of PE ratio for 2023 and 2024 (with an attractive dividend yield per share of over 7%)', says the broker.

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