Eurazeo outperformed the Paris market on Monday morning, the French investment company's share price being supported by a note from Berenberg, which decided to raise its target price on the stock.

In a study published this morning, the financial intermediary emphasized that the asset management specialist's recent performance indicators point to a turnaround at operational level.

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 bodes well for fee growth in 2024", it adds.

In its note, Berenberg says it expects this positive momentum to continue this year, and even anticipates a ramp-up in the group's business, leading it to raise its price target from €90 to €100, while maintaining its buy recommendation on the stock.

Shortly before 10:30 a.m., Eurazeo gained more than 0.6% in a generally stable Paris market.

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