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Benoit Valleaux ...
  • Steven Gould

Millennium BCP : Q2 2023 provides a little more confirmation of the group’s significant recovery

>Outperform rating confirmed – target price lifted to € 0.40 (vs € 0.32) - Q2 2023 clearly confirms our positive view of the stock, with the significant recovery momentum maintained for the underlying operating performance and profitability in the short to medium term, as well as the notable reinforcement of solvency. In our view, this remains insufficiently valued at this stage despite the stock’s recent re-rating (+71% YTD, +52pp vs the sector) even considering the ...
Underlying
Banco Comercial Portugues S.A.

Banco Comercial Portugues is a privately-owned bank that provides a range of banking activities and financial services in Portugal and abroad, with a focus on commercial banking, corporate and investment banking and asset management and private banking. Co. operates in the following segments: Portugal, which consists of retail banking (including ActivoBank), companies (including companies and corporate and investment banking), asset management and private banking, and non-core business portfolio; and foreign activity, which consists of Poland, Angola, and Mozambique. As of Dec 31 2014, Co. had total assets of Euro76.36 billion.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Steven Gould

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