Publicis: Oddo raises target price
(CercleFinance.com) - Oddo maintains its "neutral" rating on the Publicis share, while raising its target price to 53 euros (from 51 euros - current price: 54.
70 euros, +0.6%).
After Publicis' conference call yesterday, the broker said that it is slightly raising its organic growth expectations for 2021 (+5.8% compared to +5.1% previously), as well as its EPS sequence by an average of 3%.
While analysts remain positive on advertising momentum in 2021, they cannot at present identify a catalyst for a greater rise in their earnings estimates for 2021 and 2022. The group should benefit from some contract wins, although nothing major at this stage, they concluded.
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.
70 euros, +0.6%).
After Publicis' conference call yesterday, the broker said that it is slightly raising its organic growth expectations for 2021 (+5.8% compared to +5.1% previously), as well as its EPS sequence by an average of 3%.
While analysts remain positive on advertising momentum in 2021, they cannot at present identify a catalyst for a greater rise in their earnings estimates for 2021 and 2022. The group should benefit from some contract wins, although nothing major at this stage, they concluded.
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.