(News Bulletin 247) – Oddo BHF maintains its outperformance rating on the Trigano share, with a price target raised from 148 to 160 euros.
The analysis office relies in particular on the half-year results ‘slightly above expectations’ of Trigano, with a COI of 173.4 ME (against 169.2 ME anticipated).
Given the high level of the order book which saturates production capacities, Trigano expects good sales growth and says it is ‘very confident’ about the continued growth of motorhome sales beyond 2023.
Consequently, Oddo BHF indicates that it is raising its operating profit assumptions by 7% to 400 ME for the second half of the year.
The analyst also highlights the good visibility in the second half, the good resilience of the margins as well as a ‘very favorable’ balance sheet situation.
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