Eurazeo gained nearly 2% in Paris, as Berenberg today raised its price target on the stock from €80 to €90, in view of the investment company's demonstrated "resilience".

The analyst, who maintains his buy recommendation on the stock, says he took part in a meeting last week in London between the financial community and the company's management team, led by co-CEO William Kadouch-Chassaing.

"Management once again emphasized the growth of assets under management and the objective of positioning the group as a leading player in alternative investment management in Europe", he points out.

Berenberg points out that Eurazeo made significant progress in this area last year, increasing assets under management by double digits, as well as those managed on behalf of third-party investors.

The value of the investment portfolio (ANR) also developed favorably, it points out in its note.

In the study, Berenberg explains that the Group's diversification, combined with its specialization in mid-market transactions, has enabled it to more than compensate for difficult market factors, both in fund-raising and in the search for returns.

'Consequently, the discount of around 50% that the stock is showing in relation to its NAV is excessive, in our view', concludes the professional.


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