(News Bulletin 247) – Jefferies confirms its advice to buy on the stock with an unchanged target of E80.50 before the announcement of the results for the 1st half of 2023 expected after closing on July 26.
‘ Pricing leverage and the already lowered guidance for cost inflation should provide reassurance on the first half EBIT guidance, leaving the second half 23 guidance unchanged and upside potential for exercise consensus 23 ‘indicates the analysts office.
The Group has confirmed that it is aiming for an operating margin of between 9% and 11% in 2023, in line with the objective of the ‘Grow & Impact’ strategic plan. In the first half of 2023, the Group anticipates a double-digit operating margin.
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