Crédit Agricole: Oddo BHF nudges up TP

(CercleFinance.com) - Oddo BHF confirms its 'neutral' rating (relative to the sector) on Crédit Agricole shares, while nudging up its target price from E16.
3 to E16.7, following the bank's publication of a very strong rise in Q4 2024 net income.

The broker also points to higher-than-expected revenues, even excluding non-recurring items, with very good momentum in the savings management businesses, as well as stability in CET1 and an increase in the dividend.

The group continues to benefit from favourable operating dynamics, but we believe that other stocks within the sector currently have greater appreciation potential, however, the analyst says.


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