Vinpai: Invest Securities lowers its target price

(CercleFinance.com) - Invest Securities confirms its buy rating on Vinpai shares, with a price target lowered from 6.
7 to 6.4 euros after Q3 sales contracted more sharply in a deteriorated environment.

Business seems to be rebounding, and a robust Q4 is expected to enable the Group to close 2024 with growth close to its standards", adds the analyst.

According to Invest Securities, this momentum should be maintained in 2025 and 2026, enabling the company to achieve its 2026 sales target.

'While the long-term positioning of the portfolio is attractive and the valuation is at half-mast, various elements are crucial to maintaining a positive opinion in the short term: a strong rebound in growth in Q4 24 and Q1 25, and the securing of new financing with controlled dilution', concludes the broker.

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