Kepler Capital Markets raises its target price for Societe Generale (GLE.FR) to EUR24 from EUR20 after the firm rise in its share price since ECB President Draghi's pledge to support the euro in late July. However, maintains a hold rating on the stock as "weak economic conditions and ongoing deleveraging are to continue to weigh on the group's earnings and capital generation." Shares trade 1.7% higher at EUR25.16.
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