Worldline: Oddo's best pick in sector.

(CercleFinance.com) - Oddo has confirmed its buy rating on the stock, while raises its target price to 34 euros.
Their analysts say that the stock remains their best pick in the payment sector in France.

In the broker's daily round-up, Oddo analysts believe that Q1 sales were fairly unsurprising; meanwhile, organic growth remains satisfactory, excluding the impact of losing the Radar contract.

Revenues amounted to 374.3 million euros, up 1.4% in organic terms, at a constant consolidation scope and exchange rates relative to the first quarter of 2016.

Worldline's management has reiterated its targets for 2017, Oddo says and the group is very confident regarding the generation of synergies with Equens.


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