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Worldline: Oddo BHF cuts target price
(CercleFinance.com) - While maintaining its 'neutral' rating on Worldline shares, Oddo BHF has lowered its target price for them from E13.
5 to E12, in a report on the French payment solutions group and its Italian peer Nexi, ahead of their interim publications, scheduled for 1 August.
The broker believes that H1 EBITDA could be lower for Worldline, and that 2024 guidance is at risk for the French company, which would need an acceleration of growth in H2.
Analysts still prefer the Nexi over Worldline, in view of its more sustained revenue growth, better profitability and higher cash generation, enabling it to start returning cash to shareholders.
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.
5 to E12, in a report on the French payment solutions group and its Italian peer Nexi, ahead of their interim publications, scheduled for 1 August.
The broker believes that H1 EBITDA could be lower for Worldline, and that 2024 guidance is at risk for the French company, which would need an acceleration of growth in H2.
Analysts still prefer the Nexi over Worldline, in view of its more sustained revenue growth, better profitability and higher cash generation, enabling it to start returning cash to shareholders.
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.