(News Bulletin 247) – After the announcement of an exit from the bank which it considers to be ‘slightly positive’ and ‘at a reasonable cost’, Oddo BHF maintains its ‘outperformance’ opinion and its target price of 12 euros on Orange, with regard to the discount of the title on the sector.
‘Orange is gradually solving its problems’, said the analyst, who thinks that the telecom operator should publish an improvement in growth in the second quarter thanks to price increases in France.
‘In September, the European Commission should give its opinion on the merger in Spain; we continue to think that a green light is likely in return for an assignment of brands and cheap network access to a third party player,’ he continues.
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