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Societe Generale upgraded to Overweight from Equal Weight at Morgan Stanley
The Fly

Societe Generale upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Societe Generale (SCGLY) to Overweight from Equal Weight with a price target of EUR 36, up from EUR 29. The bank is expanding profits in French retail, has an improved capital outlook, and trades at a “depressed valuation,” which creates an attractive entry point, the analyst tells investors in a research note.

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