(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion on Ipsos, a security appearing in its list of European Midcap convictions, with a price target maintained at 70 euros, believing that the company will reassure in the context of its half-yearly publication , July 25.
“Expectations turn out to be low for the results of the first half”, highlights the analyst, who also recognizes “some uncertainties on the topline in the second half”, but sees “confidence on the margins”.
‘The Ipsos title has significantly underperformed since the start of the year and is trading on historically low valuation multiples’, adds Oddo BHF, which is also hoping for an accretive acquisition in the second half.
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