Elis: stock up on broker comments
(CercleFinance.com) - Going against the grain in Paris, the Elis share is up over 1%, against a backdrop of favourable comments from MainFirst which reiterates its "buy" recommendation on the share, having raised its target price from 11.
4 euros to 12 euros, with the broker seeing the share having identified an "attractive entry point".
"The group's resilience has been proven, particularly regarding profitability and cash generation," MainFirst says, adding that the share "trades at a double-digit 2021E FCF yield".
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