Bolloré: annual results 'in line' - Oddo confirms buy rating
(CercleFinance.com) - After the publication of 2018 results that are in line with expectations, an analyst at Oddo BHF confirmed his “buy” rating on the Bolloré stock, appreciating that the group has confirmed sound momentum in transport, especially in ports in Africa, coupled with its desire to be "opportunistic" on the segment of transport commission.
"[This] would possibly be a catalyst for the share in view of the potential for price increase, the broker notes.
It adds that it is pretty much maintaining its EBIT estimates, while the rise in EPS comes from the increase in its percentage stake in Vivendi.
Oddo is therefore maintaining its buy rating on the share, with an unchanged target price of 4.80 euros, in light of continued significant potential for a sustainable recovery in transport (increased volumes in Africa thanks to investments), in addition to a likely favorable outcome for Vivendi around UMG, the broker says.
Copyright (c) 2019 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.
"[This] would possibly be a catalyst for the share in view of the potential for price increase, the broker notes.
It adds that it is pretty much maintaining its EBIT estimates, while the rise in EPS comes from the increase in its percentage stake in Vivendi.
Oddo is therefore maintaining its buy rating on the share, with an unchanged target price of 4.80 euros, in light of continued significant potential for a sustainable recovery in transport (increased volumes in Africa thanks to investments), in addition to a likely favorable outcome for Vivendi around UMG, the broker says.
Copyright (c) 2019 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.