Air France-KLM: Oddo BHF reduces its target price

(CercleFinance.com) - Oddo BHF maintains its "neutral" rating on the Air France - KLM share with a price target reduced from 21 to 17.
5 euros.

The company has carried out a reverse stock split of all outstanding shares and a capital reduction by reducing the par value of each share, with the exchange of 10 shares for 1 new share with a par value of E1.

The broker is now counting on the Investor Day to be held on November 7, believing that it "will be key to restoring confidence in the company's ability to neutralize the effects of inflation".

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