Bureau Veritas: Oddo is a buyer.

(CercleFinance.com) - Expecting an improvement in growth, broker Oddo has upgraded its rating on Bureau Veritas from "neutral" to "buy," with a target price of 24 euros.


The broker also mentioned upbeat feedback from the group's recent roadshaw regarding improving the group's growth outlook. It said that the cyclical segments have already bottomed out, adding that it was more optimistic about the execution of the group's strategy, thanks to efforts made to adapt the organisation internally.

However, it added that if investors wait too long, the stock's valuation may well soar, with its re-rating already underway, which should accelerate with the recovery of cyclical activities.


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