Imerys: Oddo welcomes sale of paper assets
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Imerys shares, along with its target price of 45 euros, after announcing that it has entered into exclusive talks with Syntagma Capital with a view to disposing of assets producing materials serving the paper markets.
The sale of Calderys and now paper marks the launch of the big manoeuvres and should finally enable the sleeping beauty to wake up and win back investors' lost hearts, the analyst reacted.
These operations will reduce the group's cyclical nature and will no doubt finance the operation of the Beauvoir lithium mine, Oddo says, for which the share could finally emerge from its lethargic state given the scale of disposals.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The sale of Calderys and now paper marks the launch of the big manoeuvres and should finally enable the sleeping beauty to wake up and win back investors' lost hearts, the analyst reacted.
These operations will reduce the group's cyclical nature and will no doubt finance the operation of the Beauvoir lithium mine, Oddo says, for which the share could finally emerge from its lethargic state given the scale of disposals.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.