Pierre & Vacances: Oddo BHF still a buyer, adjusts TP

(CercleFinance.com) - While trimming its target price from E2.
2 to E2, Oddo BHF maintains its 'outperform' rating on Pierre & Vacances shares, saying that it is confident in the Group's ability to continue the successful execution of its strategic plan.

Analysts believe the Group has several catalysts, pointing to a unique positioning focused on local tourism and a renovated portfolio enabling better occupancy rates and prices.

Oddo BHF is also confident in the group's ability to manage high inflation, a net cash position and a valuation that reflects a discount of around 30% to its historical average.


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