Korian: Oddo BHF maintains 'buy' rating

(CercleFinance.com) - This morning, broker Oddo BHF confirms its buy rating on the share of retirement home manager Korian, along with its target price of 39 euros.


Analysts examine the group's announcement of the amendment and the extension of its syndicated loan of July 2016. This agreement reflects trust on behalf of its partner banks to accompany it in its development, Oddo BHF says. In doing so, Korian extends the maturity of its debt and reduces its cost.

In short, Korian remains committed to optimising its key indicators (growth, profitability, balance sheet), improving its international EBITDAR margins, along with its development (acquisitions, renovation, construction, diversification towards services to dependent persons), Oddo BHF says.


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