(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ recommendation on IDI for a price target raised from 66 to 70 euros, judging that ‘despite solid intrinsic qualities, IDI continues to suffer a significant discount on its NAV ( 39% against 25% historically)’.
‘With a historically cautious investment philosophy and a quality and well-diversified portfolio, the IDI has shown, since its creation, a continuous growth in its NAV’, underlines the analyst.
‘This good momentum, supported by the performance of its investments, testifies to the quality of its assets but also to its ability to support their growth. The portfolio rotation policy should remain active in 2023’, he continues.
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