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Beiersdorf: Oddo says virus will have 'significant impact'

( - This Friday an analyst at Oddo BHF confirms a "Reduce" rating on the share of Beiersdorf group, after it abandoned its 2020 guidance, while predicting a significant impact from the COVID 19 epidemic, combined with an inability to anticipate the impact that this will have over the rest of the year.

This abandoning of its guidance, although unsurprising, puts into perspective the defensive nature of a group that is considered as being less cyclical than those exposed to the luxury segment, the broker said.

Oddo BHF therefore confirms its target price of 88 euros, meaning downside potential of 2%. The share is currently down 0.3% at just over 89 euros in early trading in Frankfurt.

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