Bolloré: Oddo reiterates 'buy' rating

(CercleFinance.com) - Oddo has reiterates its Buy rating on the Bolloré share, with a new price target of 3.
8 euros, giving the share upside potential of 38%.

The broker says that, despite poor visibility, it expects Bolloré Transport & Logistics' EBITA to increase solidly due to solid growth in port activity, along with strict cost control (reduced capex).

It adds that a simplification operation, to increase the stake in Vivendi, still seems credible in the next few quarters.


Copyright (c) 2020 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.