IDI: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF confirms its "outperform" rating on IDI shares, having raised its target price for them from E75 to E78, noting a TP discount that has been lowered from 25% to 20%, as well as the increase in NAV announced by the private equity company.
The broker praises IDI's sound portfolio turnover, with nine deals completed in H1 and 14 in all YTD, which it expects to continue.
Oddo BHF says that the group continues to demonstrate its ability to support the growth of its holdings, to make creative investments and to sell holdings at consistently attractive multiples.
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