CREDIT AGRICOLE : UBS reiterates recommendation ahead of earnings announcement
The analyst points to slowing momentum in several areas and obstacles in international retailing.
We forecast total sales of 5.9 billion euros (down 4% on the previous quarter and 7% year-on-year) and pre-tax profit of 2.1 billion euros. The pressure on sales comes mainly from French retailing (LCL), consumer credit (CACF)... indicates UBS.
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