Berenberg announced on Monday that it had raised its target price for Eurazeo from €90 to €100, while maintaining its Buy recommendation on the stock.

In a study published this morning, the financial intermediary emphasized that recent performance indicators for the asset management specialist point to an operational turnaround.

Eurazeo benefited from a clear upward trend in its performance at the end of the year, a favorable dynamic that supported both the asset management and investment businesses," emphasizes the German analyst.

The company also ended the year on a solid note in terms of fundraising, which augurs well for fee growth in 2024", it adds.

In its note, Berenberg expects this positive momentum to continue this year, and even anticipates an increase in the group's activity

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.