(News Bulletin 247) – Oddo BHF reiterates its Outperformance recommendation and its price target at 22E on the Stellantis share, ‘a still solid profile…and underestimated’, according to the analyst.
In terms of outlook, the group has, ‘unsurprisingly’, maintained its annual objectives presented last February, ‘that is to say a double-digit operating profit and a positive FCF, relying on an unchanged market scenario in slight growth which now looks quite cautious’.
Oddo BHF still considers the manufacturer capable of exceeding current consensus expectations, which stand at 10.9% for the MOP and 9.7 MdE on the FCF ‘ all the more so with inflation now under control and a higher expected pricing (approx. 5.5 MdE ) ‘.
‘The group seems to us able to surprise positively in the first half,’ concludes the analyst.
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