TF1: Oddo says consensus over-cautious, raises target price
(CercleFinance.com) - An Oddo BHF analyst said this morning that he is raising his target price for the TF1 Group share, considering that the consensus remains too cautious and that the share's valuation does not reflect the group's flexibility.
Thus, the broker has raised its target price for the share from 6.50 euros to 7 euros, while maintaining a buy rating.
TF1 remains the cheapest stock amongst its European peers, despite cost flexibility that the broker believes is either equal or even higher (based on Q1 performance). In this context, the group's valuation remains, in its opinion, a Buy argument, analysts say.
An hour into trading on Tuesday, the TF1 share is down almost 3% at 5.62 euros.
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