Eramet: Oddo BHF cuits target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' recommendation on Eramet shares, with significant 58% upside potential in its target price, which it has lowered from E109 to E90, after reducing its adjusted EBITDA expectations for the group.
Eramet retains solid strengths, with leading positions in its four main activities, mines that are well positioned in terms of costs, and an attractive long-term exposure to the energy transition, the analyst says.
Oddo BHF also considers that the mining and metals group's valuation also remains supportive, with a 2025 EBITDA multiple of 5x, 20% below peers, and a 2026 multiple of 4.2x, 30% below peers.
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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 decision-making aids 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.
Eramet retains solid strengths, with leading positions in its four main activities, mines that are well positioned in terms of costs, and an attractive long-term exposure to the energy transition, the analyst says.
Oddo BHF also considers that the mining and metals group's valuation also remains supportive, with a 2025 EBITDA multiple of 5x, 20% below peers, and a 2026 multiple of 4.2x, 30% below peers.
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 decision-making aids 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.