1224 GMT - Societe Generale's risk-reward has become too attractive to ignore, Barclays says in a research note. The French bank has compelling fundamentals and the risk from political instability and its effect on markets is receding, analyst Flora Bocahut writes. It isn't too late to buy the shares, which have risen since the bank's third-quarter update and management changes, she notes. The stock is among the cheapest compared with European peers for one of the best earnings growth trajectories into 2026. Barclays raises its rating to overweight from equal weight and lifts its share target price by 37% to 41 euros. Shares rise 1.4% to 30.47 euros and have gained 27% on a 12-month basis. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 07:24 ET (12:24 GMT)
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