TFF Group: Oddo BHF cuts its target price

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on TFF Group share (long-term), but cuts its target price from E45 to E38, in the wake of EPS estimates lowered by 18% on average over the next three years.


Headwinds are important for the group in both wine and bourbon, the analyst says, following the publication of H1 2024-25 results that fell short of expectations.

Momentum should thus remain complicated over the coming months, before a rebound in 2025-26, Oddo BHF adds, for which the cooperage group's share is likely to suffer further in the near term.


Copyright (c) 2025 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.