DERICHEBOURG : price target lowered by Oddo BHF
"The Group's valuation remains particularly modest (3.8 times 2024 EBITDA, 6.3 times EBIT for a PE of 4.5 times), i.e. a 40% discount to its historical ratios", says the analyst in charge of the file.
However, visibility remains limited for the business, and the integration of Elior's results with a turnaround from 2024 remains a challenge that needs to be confirmed', warns Oddo BHF.
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