Societe Generale Investor Day Leaves Mixed Feelings -- Market Talk
Dow Jones2026/09/22 10:261025 GMT - Societe Generale's revenue growth assumptions are conservative and slightly lacking in detail, Citi analysts write. The French bank's investor day left the analysts with "mixed feelings", but detail on cost reduction plans were welcomed. This should drive consensus earnings per share upgrades, Citi says. However, revenue forecasts, especially in the French retail division, were slightly vague. Citi trims its revenue estimates by between 0% and 1% and costs by between 1% and 2%, leading to between 0% and 1% EPS upgrades. Citi raises its target price on the stock to 100 euros from 96 euros and reiterates its buy recommendation. Shares are down 0.2% at 73.75 euros. (michael.hennessey@wsj.com)
(END) Dow Jones Newswires
September 22, 2026 06:26 ET (10:26 GMT)
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