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Imerys: Oddo BHF upgrades stock

( - Oddo BHF has upgraded its rating on the Imerys share from "neutral" to "buy," while boosting its target price from 37 euros to 60 euros, believing that although the group's results will remain difficult over the next three quarters, the main factors lie elsewhere.

Imerys has decided to rely on the tandem Patrick Kron/Alessandro Dazza to win back lost ground amongst investors and once again become the jewel in the crown of industrial minerals groups of yesteryear, the analyst points out.

He adds that the resolution of talc litigation in the United States during the first half of 2020 should constitute a key symbolic first step in the share's stockmarket recovery, whose valuation seems to be "particularly attractive".

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