In light of these developments, Goldman Sachs has raised its target price-to-earnings (P/E) multiple for Societe Generale (OTC:SCGLY) from 5.75x to 6.5x. The revised 12-month price target stands at ...
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery.