Elior: Oddo BHF still a buyer - raises target price
(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Elior share, having raised its corresponding target price from 8 euros to 9 euros, highlighting a confident tone - both on the group's financial structure and on long-term opportunities, at a (virtual) roadshow in the United States.
While reporting that the services group "has no "real" visibility on the recovery before September," analysts note that the crisis is perceived as creating long-term opportunities, underlining confidence in the group adapting its cost structure.
Copyright (c) 2020 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.
While reporting that the services group "has no "real" visibility on the recovery before September," analysts note that the crisis is perceived as creating long-term opportunities, underlining confidence in the group adapting its cost structure.
Copyright (c) 2020 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.