Elior: Oddo BHF adjusts target price
(CercleFinance.com) - An analyst at Oddo BHF today said that he is adjusting his target price for the Elior share, while maintaining a buy rating, citing an operational rebound that has been blurred in the near term by fears relating to the COVID-19 epidemic.
The broker has therefore trimmed its target price for the share from 14 euro to 13.50 euros, which represents upside potential of 27%.
Elior's stockmarket performance is currently penalised by its double exposure to France and Italy, in a context of many uncertainties relating to COVID-19. The share's current valuation offers good entry opportunities for investors, although it is aware that the lack of visibility concerning the scale and duration of COVID-19 and limited transparency (weight of certain countries and segments) limit visibility regarding a repositioning on the share in the near term, the broker explains.
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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 broker has therefore trimmed its target price for the share from 14 euro to 13.50 euros, which represents upside potential of 27%.
Elior's stockmarket performance is currently penalised by its double exposure to France and Italy, in a context of many uncertainties relating to COVID-19. The share's current valuation offers good entry opportunities for investors, although it is aware that the lack of visibility concerning the scale and duration of COVID-19 and limited transparency (weight of certain countries and segments) limit visibility regarding a repositioning on the share in the near term, the broker explains.
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.