Orange: Oddo BHF confirms its recommendation

(CercleFinance.com) - Oddo BHF maintains its 'neutral' rating on Orange shares with an unchanged target price of 11.
2 euros, citing a less favorable competitive and fiscal environment that could weigh on 2025 targets.

The analyst reports that while Q3 was "reassuring", the Group faces "several issues" in Q4. Oddo BHF refers in particular to press reports of a deteriorating social climate within the Group (suicides or attempted suicides, heavier workloads).

This is not an insignificant subject, since, in addition to the dramatic human aspect, the Group was marked by a social crisis in 2007-2009 which even led to a prison sentence for one of its CEOs", reports Oddo BHF.

This social issue, whether real or amplified, may encourage management to allow at-risk employees to leave or retrain', adds the broker.

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