Accueil > Actualité
Actualite financiere : Actualite bourse

Continental: Oddo steers clear, cutting target price

(CercleFinance.com) - Oddo maintains its "underperform" rating on Continental shares, although has reduced its target price for them from 70 euros to 65 euros.


The broker reports that its quarterly results published yesterday (Q3 sales of 10.4 billion euros, up 29%, along with adjusted EBIT of 605 million euros) are not a great surprise, although are not of excellent quality either.

The broker believes that negative exceptional items (notably goodwill impairment of 503 million euros) have weighed on net income and should lead to downward revisions of EPS estimates.

Analysts add that Continental still does not seem to be the best placed to take advantage of any potential improvement in the environment (low profitability, track record, lack of catalysts), while visibility over 2023 remains very (too) limited.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.