(News Bulletin 247) – While maintaining its ‘outperformance’ opinion on Chargeurs, Oddo BHF lowers its price target from 19 to 14 euros, following a half-year publication deemed mixed and given fairly limited visibility in the second half .
The design office is lowering its 2023 scenario for Chargeurs, now anticipating a turnover of 735 million euros with a more marked drop in the Advanced Materials division (-10%), as well as an ROC of 34 million, i.e. a MOC of 4.6% (-150 basis points).
“The end of the year will remain complicated, but the base effects will become more favorable again and the rebound in activity should be confirmed in 2024”, tempers Oddo BHF, who also sees the acquisition envisaged in luxury “potentially a real catalyst in the medium term’.
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.
