Bastide: Oddo BHF raises TP

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Bastide shares, with a target price raised from E27 to E28.
5, based on higher estimates, following the publication of H1 2024-25 net income that is slightly ahead of expectations.

Also pointing to an increase in the homecare provider's margin target, the broker has raised its guidance for operating income before non-recurring items by 5% for 2024-25 and 2025-26 (around +8% for EPS).

Leverage effects are working satisfactorily, while deleveraging is 'slipping' a little. In this respect, there are still assets to be sold, Oddo BHF adds, which also believes that the share has rebounded well (+32%) since its upgrade last November.


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