Lagardère: Invest Securities still a buyer after sales.

(CercleFinance.com) - After better than expected Q3 turnover, Invest Securities has reinstated its "buy" rating on Lagardère, along with its target price of 31 euros, which it thinks remains a “value” story, with a high yield (4.
6%).

According to broker's analysts, the important detail of the conference call was the announcement made by Arnaud Lagardère to prioritise publishing and Travel Retail, with reflections on the scopes of Lagardère Active and sport.

The generation of free cash flow is a fundamental aspect and will be favoured by cost reductions at the level of holding companies, says the analyst who monitors the media group.


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