Vallourec: stock shines with broker saying buy

(CercleFinance.com) - Oddo maintains its Outperform rating on Vallourec shares along with its target price of 16.
5 euros.

The stock has posted YTD performance of +8%, the analyst says, whose acceleration of FCF and the announcements of progress in its new industrial set up could well trigger a rerating of the share.

The broker adds that Vallourec is currently trading at a discount of nearly 40% to Tenaris in 2023, while recent fears about debt seem exaggerated.

The share is currently up almost 6.5%, in pole position in the SBF 120 index in Paris.


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