Voltalia: Oddo a buyer, but cuts target price

(CercleFinance.com) - Oddo confirms its "outperform" rating on Voltalia shares, albeit reducing its target price for them from E23.
7 to E20.3 (cp: E14, -0.9%).

Indeed, the publication of 2022 performances below the broker's expectations and the consensus has led to an understandable negative reaction from the market, the broker notes.

However, the analyst maintains 2023-2027 EBITDA estimates unchanged overall, in line with the group's strategic plan guidance.

These factors lead the broker to reduce its 2023-2027 EPS guidance by about a third (-33.8%), it concludes.


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