Worldline: Oddo BHF cuts target price

(CercleFinance.com) - While maintaining its 'neutral' rating on Worldline shares, Oddo BHF has lowered its target price for them from E13.
5 to E12, in a report on the French payment solutions group and its Italian peer Nexi, ahead of their interim publications, scheduled for 1 August.

The broker believes that H1 EBITDA could be lower for Worldline, and that 2024 guidance is at risk for the French company, which would need an acceleration of growth in H2.

Analysts still prefer the Nexi over Worldline, in view of its more sustained revenue growth, better profitability and higher cash generation, enabling it to start returning cash to shareholders.


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