Vivendi: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its Outperform rating on Vivendi shares, raising its target price for them from E11.
5 to E13.1.
The main factors are "an increase in profit for Canal+" and "a higher multiple for Havas (7x EBITDA from 6x)," the analyst said.
"Our adj. EPS rises by c.13% for FY23 to E0.61 from E0.54," Credit Suisse adds, which expects the company to continue to invest in the business "both organically and via M&A".
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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.
5 to E13.1.
The main factors are "an increase in profit for Canal+" and "a higher multiple for Havas (7x EBITDA from 6x)," the analyst said.
"Our adj. EPS rises by c.13% for FY23 to E0.61 from E0.54," Credit Suisse adds, which expects the company to continue to invest in the business "both organically and via M&A".
Copyright (c) 2023 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.