(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ opinion on Mersen with a price target raised from 47 to 48 euros, judging in particular that ‘the roadmap presented by management for 2027 is particularly attractive’.
‘The current operating margin target of 12% in 2027 (at plus or minus 50 basis points) seems to us totally plausible, even prudent, hence an upward revision margin despite the Capex due to a more favourable,” he points out.
“Based on this development plan, the valuation remains moderate at 6.2 times the EBITDA expected for 2024 and 9.8 times the EBIT (compared to 7.3 and 11 times for the historical references)”, underlines in in addition to the analyst in charge of the file.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
