Trigano: Oddo reduces target price
(CercleFinance.com) - Oddo BHF maintains its "neutral" rating on Trigano shares, while reducing its target price for them from 208 euros to 170 euros, despite the leisure vehicle manufacturer publishing better-than-expected H1 2021-22 results.
While noting that the group's fundamentals are good, the momentum remains unfavourable, with production remaining disrupted in H2, the analyst warned, pointing to difficulties in chassis supplies.
With raw material and wage inflation, further price increases may be necessary, which will provide analysts with more insight into the price elasticity of demand, the broker adds.
The share is currently jumping 8% at about 125 euros.
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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.
While noting that the group's fundamentals are good, the momentum remains unfavourable, with production remaining disrupted in H2, the analyst warned, pointing to difficulties in chassis supplies.
With raw material and wage inflation, further price increases may be necessary, which will provide analysts with more insight into the price elasticity of demand, the broker adds.
The share is currently jumping 8% at about 125 euros.
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.