Credit Agricole upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Credit Agricole to Buy from Hold with a price target of EUR 17, up from EUR 13.50. Historically, Credit Agricole has outperformed in an environment of low rates and steady economic growth due to its relatively high share of asset-light businesses, the analyst tells investors in a research note. The firm says recent cyclical market tailwinds, imminent rate cuts and a more benign economic outlook has increased its conviction of Credit Agricole over delivering on its 2025 targets.