Bolloré: Oddo reiterates 'buy' rating
(CercleFinance.com) - Oddo has reiterates its Buy rating on the Bolloré share, with a new price target of 3.
8 euros, giving the share upside potential of 38%.
The broker says that, despite poor visibility, it expects Bolloré Transport & Logistics' EBITA to increase solidly due to solid growth in port activity, along with strict cost control (reduced capex).
It adds that a simplification operation, to increase the stake in Vivendi, still seems credible in the next few quarters.
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