Citi analyst Azzurra Guelfi upgraded Societe Generale (SCGLY) to Buy from Neutral with a price target of EUR 33, up from EUR 26. The bank’s Q3 results showed a turning point in French profitability and a “markedly more proactive” approach in addressing market concerns, the analyst tells investors in a research note. The firm says this should increase market confidence in the company’s ability to deliver on 2026 targets.
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