(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ recommendation on Bigben Interactive, while adjusting its price target from 7.5 to seven euros, in the wake of 2023/24 EPS estimates lowered by 6% overnight the publication of the annual results.
The design office notes that the supplier of accessories for video games has announced results “close to expectations on the operational and better in the bottom line”, under its financial year ended at the end of March.
Oddo BHF maintains its positive opinion of the case, ‘in view of the expected rebound in the Gaming division in 2023/24, while the recovery of Metronic should benefit the profitability of the Audio/Telco division’.
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