On Wednesday, Morgan Stanley raised its price target for Euronext to 96.1 euros from 91.7 euros, with its recommendation maintained at 'overweight'.

In a sector study of financial services providers in Europe, the analyst recommends holding the stock, which it considers attractive in view of the publication of its annual results for 2023, scheduled for January 15.

In the intermediary's view, the stock market operator is a 'cheap' and 'defensive' investment in view of the cyclical upturn expected in 2024, which he believes is likely to lead to an upward revision of market earnings forecasts and an increase in its share price.

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