(News Bulletin 247) – The group published its results for the 1st quarter of 2023 after the market closed on May 16. Following this publication, Credit Suisse confirms its Outperformance advice with a target of 88 E.
The analyst points out that Adjusted EBITDA was 2% higher than Credit Suisse and consensus expectations, thanks to a slightly better than expected result in terms of costs during the quarter.
“After the failure of the Allfunds acquisition attempt, we remain attentive to further diversification/growth-enhancing transactions,” says Credit Suisse.
‘Euronext is in our view cheap relative to its peers and its own trading history. We expect this discount to reduce over time as Euronext executes its synergy and growth plans and demonstrates continued discipline in mergers and acquisitions. analyzes.
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