Bic: UBS lowers target price

(CercleFinance.com) - While maintaining its 'neutral' rating on Bic, UBS has lowered its target price from E74 to E67, which implies 7% upside potential for the stock of the manufacturer of disposable razors, lighters and pens.


The broker explains that it has reduced its adjusted EPS estimate for 2024 by 3%, to reflect a revised full-year sales growth outlook due to weaker growth in the US lighter market.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.