Cie des Alpes: Oddo BHF nudges up TP
(CercleFinance.com) - Oddo BHF is maintaining its 'outperform' rating on Cie des Alpes shares, with a target price raised from E21 to E22, with the company publishing its annual results on 3 December.
While sales and margin growth will remain dynamic in 2025, CDA is expected to announce a new medium-term Capex roadmap that will enable it to commit to generating FCF in the future, the analyst says.
Oddo BHF believes that CDA will remain active in terms of M&A, which could reinvigorate a somewhat sleepy stock market story, despite its very modest valuation (~50% discount to historical P/E).
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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.
While sales and margin growth will remain dynamic in 2025, CDA is expected to announce a new medium-term Capex roadmap that will enable it to commit to generating FCF in the future, the analyst says.
Oddo BHF believes that CDA will remain active in terms of M&A, which could reinvigorate a somewhat sleepy stock market story, despite its very modest valuation (~50% discount to historical P/E).
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.