IDI: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on IDI shares, raising its target price for them from E70 to E75, due to a reduction in the discount to NAV (to 25% from 30%) that it applies in its valuation model.
The broker welcomes the sale of its stake in Flex Composite Group to Michelin, a transaction that is bang in line with the IDI Group's strategy and which confirms the excellent portfolio rotation dynamic expected for 2023.
Analysts believe that IDI could make further disposals of its historic holdings over the next few quarters, notably CFDP Assurances, Ateliers de France and Royalement vôtre éditions, if the right opportunities arise.
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