CASA unveiled its 2019-22 MTP. The main conclusion is that it only confirms consensus expectations (and ours…only slightly higher). Based on the disclosed financial targets and our own numbers, we do not see the need to revise our EPS nor our valuation (but for technical reasons such as the unwinding of part of the Switch mechanism).
07 Jun 2019
Realistic targets
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Realistic targets
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
07 Jun 2019 -
Author:
Farhad Moshiri -
Pages:
3
CASA unveiled its 2019-22 MTP. The main conclusion is that it only confirms consensus expectations (and ours…only slightly higher). Based on the disclosed financial targets and our own numbers, we do not see the need to revise our EPS nor our valuation (but for technical reasons such as the unwinding of part of the Switch mechanism).