Coface: Oddo upgrades rating, increases target price
(CercleFinance.com) - Oddo has upgraded its rating on the Coface share from Neutral to Buy, while nudging up its corresponding target price to 10.
8 euros (against 10.1 euros).
The broker estimates that the company will report a about a 23-point (18+5) gain in its solvency margin.
It estimates that the group will return 100% of its earnings over the next 3 years and is marginally raising its forecast for 2019 earnings.
Oddo adds that Coface will present its new strategic plan in early 2020.
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