Oddo BHF maintains its 'neutral' rating on Crédit Agricole shares, nudging up its target price from €16.7 to €17.2 to reflect the strong momentum in certain businesses (including bancassurance).

The group benefits from a favorable and growing business mix in the long term, but has upside potential close to the sector average, the analyst says, ahead of Crédit Agricole's quarterly results on 30 April.

Oddo BHF anticipates a sharp increase in revenues for Q1 2025, as well as an increase in operating income that will largely offset the tax burden expected to impact net income.


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