Ekinops: share price down, broker revises target
(CercleFinance.com) - Ekinops is down more than 4% in Paris after Oddo BHF cut its target price on the stock from 6.
3 to 5.5 euros, while maintaining its 'outperform' rating.
"Ekinops reported Q4 sales of 29.8 ME, down 2% y-o-y identical to cc, i.e. 7% below our expectations', says the analyst, who adds that full-year sales therefore stand at 117.1 ME, down 9% y-o-y.
'Although several signals are positive (growth in Access and the need for infrastructure in Transport), we understand that visibility is still very limited', says the broker.
In this context, Ekinops continues to give a sequential growth target. We are therefore adjusting our 2025 sales growth to 5% (vs. 8% previously)', concludes Oddo BHF.
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