(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.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
