Orpea: Oddo BHF downgrades stock
(CercleFinance.com) - While maintaining its target price at E0.
5, Oddo BHF has downgraded Orpea shares from "neutral" to "underperform", taking advantage of its 2022 figures to adapt its stance to a market perception that remains reserved.
The broker has adjusted its forecasts to take account of the publication of final 2022 figures, now anticipating EBITDA of E671m (instead of E745m) and net debt of E3.7bn (instead of E4.8bn) by 2025.
The media turmoil around the group now seems to be fading, although the transformation remains gradual, the analyst warns, who for several months now, has preferred to steer clear from the dependency care group's stock.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5, Oddo BHF has downgraded Orpea shares from "neutral" to "underperform", taking advantage of its 2022 figures to adapt its stance to a market perception that remains reserved.
The broker has adjusted its forecasts to take account of the publication of final 2022 figures, now anticipating EBITDA of E671m (instead of E745m) and net debt of E3.7bn (instead of E4.8bn) by 2025.
The media turmoil around the group now seems to be fading, although the transformation remains gradual, the analyst warns, who for several months now, has preferred to steer clear from the dependency care group's stock.
Copyright (c) 2023 CercleFinance.com. All rights reserved.