Imerys: Oddo welcomes sale of paper assets
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Imerys shares, along with its target price of 45 euros, after announcing that it has entered into exclusive talks with Syntagma Capital with a view to disposing of assets producing materials serving the paper markets.
The sale of Calderys and now paper marks the launch of the big manoeuvres and should finally enable the sleeping beauty to wake up and win back investors' lost hearts, the analyst reacted.
These operations will reduce the group's cyclical nature and will no doubt finance the operation of the Beauvoir lithium mine, Oddo says, for which the share could finally emerge from its lethargic state given the scale of disposals.
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