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JPMorgan has upgraded Societe Generale's stock rating from Neutral to Overweight, raising the price target from €29 to €46, citing strong momentum and improved capital visibility. Analysts from Goldman Sachs and Barclays also increased their targets, reflecting confidence in the bank's profitability and growth potential, particularly in Corporate Investment Banking. Societe Generale's shares have shown a 40.53% year-to-date return, with expectations for further gains driven by robust return on tangible equity and significant capital returns.
India's trade deficit reached a record $37.84 billion in November, driven by high gold imports, raising concerns about the economy. The stock market has faced significant pressure, with the Sensex dropping 2,000 points over three days, influenced by a weak rupee and foreign capital outflows amid cautious market sentiment ahead of the US Federal Reserve's policy meeting.
Amit Goela
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JPMorgan upgrades Societe Generale stock rating and raises target to 46 euros
07:11 25.02.2025
Indian stock market faces sharp decline amid economic concerns and foreign outflows
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10:22 18.12.2024
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