Iliad: Stifel raises target price due to growth factors
(CercleFinance.com) - While the Iliad share price did not greatly react to the group's record Q3 results published yesterday, Stifel has identified several growth factors for 2021, such as the extension of broadband, the arrival of Iliad on the B2B market and the launch of fixed-line telephony in Italy and Poland.
"Iliad hasn't had so many paths to growth in years," the analyst said. As a result, Stifel is maintaining its buy recommendation on the stock, while raising its corresponding target price from 195 euros to 205 euros (21% upside potential).
Copyright (c) 2020 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.
"Iliad hasn't had so many paths to growth in years," the analyst said. As a result, Stifel is maintaining its buy recommendation on the stock, while raising its corresponding target price from 195 euros to 205 euros (21% upside potential).
Copyright (c) 2020 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.