Edenred: Oddo BHF upgrades share
(CercleFinance.com) - Oddo BHF has upgraded its rating on Edenred from "neutral" to "buy," while boosting its corresponding target price from 44 euros to 60 euros, having raised its EPS sequence (+2.
9% on average over 2019/2022), after increasing operational assumptions.
The broker highlights the stockmarket's re-orientation towards the payments sector, coupled with solid growth prospects with strong visibility, as well as potential for margin improvements that remains significant.
In support of the Edenred share, Oddo BHF also points to strong free cash flow generation that offers significant potential for accretive acquisitions, coupled with management that has an excellent track record.
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.
9% on average over 2019/2022), after increasing operational assumptions.
The broker highlights the stockmarket's re-orientation towards the payments sector, coupled with solid growth prospects with strong visibility, as well as potential for margin improvements that remains significant.
In support of the Edenred share, Oddo BHF also points to strong free cash flow generation that offers significant potential for accretive acquisitions, coupled with management that has an excellent track record.
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.