(News Bulletin 247) – Oddo confirms its ‘outperformance’ rating for Voltalia shares, with a price target lowered from 23.7 to 20.3 euros.
Indeed, ‘the publication of 2022 performance below our expectations and those of the consensus has led to an understandable negative reaction from the market’, notes the broker.
It seems necessary to us that, beyond this publication, an exercise to clarify the 2023-2027 trajectory of items below EBITDA be put in place by the financial department and investor relations, continues Oddo.
In this context, the analyst leaves his 2023-2027e EBITDA estimates broadly unchanged, in line with the guidance of the group’s strategic plan.
“These elements lead us to revise our 2023-2027 EPS sequence by -33.8%,” concludes Oddo.
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