Worldline: Oddo still a buyer, despite health crisis
(CercleFinance.com) - Oddo BHF maintains its buy rating on the Worldline stock, although has reduced its target price from 90 euros to 84 euros (31% upside potential).
The broker bases this TP cut on the group's reduced sales guidance and points out the deterioration of the pandemic.
However, the broker says that the group still targets a stable EBITDA margin this year and that there remain many opportunities in terms of mergers and acquisitions.
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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.
The broker bases this TP cut on the group's reduced sales guidance and points out the deterioration of the pandemic.
However, the broker says that the group still targets a stable EBITDA margin this year and that there remain many opportunities in terms of mergers and acquisitions.
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.