Oddo BHF Raises Intesa Sanpaolo Price Target
Oddo BHF maintained its outperform rating and raised its price target. Intesa Sanpaolo improved 2026 guidance, projecting net income well above 10 billion euros and net interest income above 15 billion euros.
Oddo BHF has raised its price target for Intesa Sanpaolo to 7.75 euros while maintaining an 'outperform' rating. The adjustment follows the bank's strong third-quarter and nine-month performance, characterized by better-than-expected core revenues, costs, and risk management. Intesa Sanpaolo also improved its 2026 guidance, now projecting net income to be 'well above' 10 billion euros and net interest income to exceed 15 billion euros. Analysts emphasized the bank's solid fundamentals and commitment to shareholder remuneration as key drivers for the positive outlook.