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Elis: Oddo raises target price

( - Oddo maintains its "neutral" rating on the share of industrial cleaner Elis, although has increased its target price for them from 14.
6 euros to 16 euros.

The broker believes that Elis will benefit from the rebound in tourism in Q2, with a 17.8% increase in quarterly revenues on a comparable basis over this period.

Analysts have raised their EPS estimates: +4.4% for 2021 and +3% for 2022. While momentum is improving once again, it should also be noted that debt remains fairly high (3.06 billion euros at the end of 2021 they estimate) compared to FCF (around 221 million euros), the broker says.

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