Vinpai: Invest Securities reduces its target price on the stock

(CercleFinance.com) - Invest Securities confirms its buy rating on Vinpai shares, with a price target reduced from 8.
4 to 6.7 euros.

The broker reports that the group's 1st half results were 'disappointing, with margins weighed down by product mix and high expenses', all in an unfavorable market environment.

The Group has decided to postpone by one year its 2025 targets, which were already very demanding. In these deteriorated conditions, financial visibility is low, and we estimate a long-term financing requirement of ME4", adds the analyst.

However, Invest Securities believes that the Group's positioning in the natural ingredients market is attractive, with growth set to remain dynamic and help margins recover to profitability. The current valuation incorporates an overly pessimistic scenario.


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