UBS has upgraded its recommendation on Crédit Agricole from 'neutral' to 'buy', with the target price maintained at 15.6 euros, a target that offers 14% upside potential for the French banking institution's stock.

The broker considers Crédit Agricole undervalued at seven times 2025 -six times excluding Amundi-, and with around 15% upside potential, 8% yield, as well as a track record of exceeding earnings and acquisition valuation expectations.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.