(News Bulletin 247) – Oddo BHF confirms its ‘outperformance’ opinion on LDC with a price target raised from 130 to 140 euros, the day after strong growth in 2022-23 results, accompanied by the agrifood group’s confidence in its prospects .
Considering that ‘the fundamentals have strengthened’, the research office raises its 2023-24 EPS forecast for the poultry specialist by 6.5%, aiming for organic growth of 1.6% driven by volumes and a margin by 5%.
‘LDC remains well positioned as the leader of the French market with a range of diversified products and demonstrated agility to overcome in particular the uncertainty on the evolution of consumption’, judges the analyst, for whom the valuation remains ‘inexpensive ‘.
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