Wendel: Oddo maintains 'outperform' rating, raises TP
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Wendel and having increased its corresponding target price from 110 euros to 120 euros, implying in a target discount of 27% (versus 30% during the Covid period, but 20% excluding Covid), following the investment group's 2020 results.
CPI (Crisis Prevention Institute) has been revalued for the first time, and is weighing on NAV before an expected normalisation in 2021, notes the analyst, who sees little risk of downside on the file at present, with CPI complete... while other companies are upbeat.
Copyright (c) 2021 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.
CPI (Crisis Prevention Institute) has been revalued for the first time, and is weighing on NAV before an expected normalisation in 2021, notes the analyst, who sees little risk of downside on the file at present, with CPI complete... while other companies are upbeat.
Copyright (c) 2021 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.