SMCP: Oddo BHF upgrades stock
(CercleFinance.com) - Oddo BHF has upgraded SMCP (Sandro, Maje, Claudie Pierlot) shares from 'neutral' to 'outperform', increasing its target price for them from E3.
5 to E5.6, citing recent company news.
After three years of shareholder stories that have spoiled the equity story, the July judgment and order have taken a major weight off and increased speculation on the stock, the analyst points out.
Oddo BHF also considers that, while the textile market environment is difficult, SMCP is trading at valuation levels that do not reflect its respectable operating performance in this context.
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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.
5 to E5.6, citing recent company news.
After three years of shareholder stories that have spoiled the equity story, the July judgment and order have taken a major weight off and increased speculation on the stock, the analyst points out.
Oddo BHF also considers that, while the textile market environment is difficult, SMCP is trading at valuation levels that do not reflect its respectable operating performance in this context.
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.