(News Bulletin 247) – Pending better visibility, Oddo is keeping its neutral opinion on Altarea shares but is lowering its price target to 132E (against 139E).
‘Altarea is one of the very interesting companies in a medium-term investment context given the growth potential and the dividend guarantee’, explains the analyst who is counting ‘on a 2023e FFO at 231 ME (-16% yoy ), i.e. 10.96 E / share’.
Nevertheless, Oddo believes that the main catalyst, in the short term, relates to the recovery of residential development.
‘Altarea is determined and confident to become bigger, more profitable, greener and less risky by targeting in particular a medium-term FFO between 325 ME and 375 ME (+20% to +35%)’, further specifies the analyst.
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