Eramet: Oddo upgrades rating, raises target price
(CercleFinance.com) - Oddo believes that recent announcements by Eramet's management regarding the safeguard plan of Société Le Nickel (SLN) in February 2019 and the (internal) validation of transforming projects have not been integrated by the market.
Oddo has therefore upgraded its rating on the share to Buy (vs. Neutral) and has raised its target price to 100 euros (against 74 euros).
The broker says that the group's transformation is (really) in progress: for Nickel, the restructuring of SLN is well on track.
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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.
Oddo has therefore upgraded its rating on the share to Buy (vs. Neutral) and has raised its target price to 100 euros (against 74 euros).
The broker says that the group's transformation is (really) in progress: for Nickel, the restructuring of SLN is well on track.
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.