(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion on Plastic Omnium and raises its target price from 21 to 24 euros, the day after a publication which, according to him, ‘confirmed the very good start to the year’ for the automotive supplier.
The design office believes that the continued improvement of the environment and the efforts on operations should be beneficial to it and lead to a continuation in the second half of the sequential progression observed since last year.
‘Plastic Omnium still seems to us to be one of the best positioned equipment suppliers this year, but also beyond with a very clear and well-executed strategic direction, all the more so in the face of a valuation that we still consider attractive’, he adds.
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