Iliad: Mainfirst upgrades stock, raising TP

(CercleFinance.com) - Mainfirst has upgraded its rating on the Iliad share, resuming a buy rating, having raised its corresponding target price to 195 euros (21% upside), compared with 127 euros previously.


In addition to Iliad's acquisition of the Polish company Play, the broker mentions the market recovery, with the launch of new products and the development of fiber-to-the-home.

Mainfirst also welcomes new value creation projects: growth in B2B in France (up to 300 million euros in revenues by 2024, or 12 euros per share) and a market share gain of around 15% in wireline telephony in Poland (revenues of around 200 million euros by 2030, or 9 euros per share).


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