HSBC analyst Kiri Vijayarajah upgraded Societe Generale to Buy from Hold with a price target of EUR 33, up from EUR 26. With financial contagion worries triggering a bank sector pullback, "any lasting damage will be very limited," the analyst tells investors in a research note. The firm upgraded Societe Generale, calling the bank a higher-beta "risk-on" play.
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Published first on TheFly
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