SÉCHÉ : Oddo BHF remains positive, adjusts its target
The research firm notes that 'the second half of the year should see the same momentum, with an improvement in profitability, a targeted M&A policy and continued growth momentum in 2024 and beyond, reflecting the resilience of the model'.
After a "faultless" stock market performance, Oddo BHF considers that the valuation remains moderate, with a 21% discount to historical ratios, while it anticipates a 2022/25 TMVA of +8.5% for EBITDA and +12.6% for ROC.
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