1127 GMT - Societe Generale's capital markets day was both ambitious and credible, Deutsche Bank's Sharath Kumar says, despite a tricky macroeconomic backdrop in France. The French bank introduced 2029 targets, including for a return on tangible equity between 13% and 14%. These targets rely mostly on initiatives within Societe Generale's control, Kumar notes. The return on tangible equity target of over 15% for 2030 and beyond is more important, the analyst adds, as it could narrow the profitability gap with leading European banks. Deutsche Bank raises its earnings per share forecasts by 2% to 4% and increases its target price to 89 euros from 86 euros. Deutsche Bank maintains a buy recommendation. Shares are up 4.1% at 72.73 euros.