UBS has reiterated its 'buy' recommendation on Societe Generale, with its price target raised from €25.5 to €27.6, a new target that offers 28% upside potential for the French banking institution's shares.

"Societe Generale generated higher earnings in Q4 2023, driven by retail banking in France, and boosted confidence in the trajectory towards a 9% ROTE (return on tangible equity)," the broker points out.

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.