Cie des Alpes : Oddo BHF remains positive after results

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on and TP of E21 for Compagnie des Alpes (CDA) shares, included in its list of top European Nextcap picks for H1 2024, the day after the group's interim publication.


Pointing to a logical raising of the 2023-24 EBITDA guidance, the broker has adopted a 2023-24 scenario that is now in line with CDA's objectives, and which could prove relatively cautious if the good momentum continues in H2.

The analyst adds that the stock has recently regained some colour, but it should be remembered that CDA's valuation remains well below historical multiples, while the dividend has never been so high.


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