Vivendi: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Vivendi shares, with a price target raised from E12.
7 to E15.9.
The analyst's upgrade comes after the group's demerger, which is expected to be confirmed on 25 July.
We are now valuing assets separately on the basis of future perimeters and essentially without discount, except for Vivendi Remain (holding structure). Our 2025/26 EBITA expectations have also been raised by 4% in connection with Canal+, the broker points out.
Oddo BHF believes that it is interesting to position oneself on the stock, pointing out that its valuation is currently particularly discounted vs. the sum of the various assets.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
7 to E15.9.
The analyst's upgrade comes after the group's demerger, which is expected to be confirmed on 25 July.
We are now valuing assets separately on the basis of future perimeters and essentially without discount, except for Vivendi Remain (holding structure). Our 2025/26 EBITA expectations have also been raised by 4% in connection with Canal+, the broker points out.
Oddo BHF believes that it is interesting to position oneself on the stock, pointing out that its valuation is currently particularly discounted vs. the sum of the various assets.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.