Worldline: Oddo BHF cuts target price
(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on Worldline shares, while triming its target price for them from 85 euros to 83 euros, in a review of the payment solutions group prior ahead of the Q3 2021 results season.
The broker has said that there has been an exaggerated downgrade from the disappointment relating to no conclusion from the strategic review of the terminals division, and that the share's valuation has become very attractive once again.
However, Oddo has reduced its forecasts by an average of 2.8% for 2021/23 and has just adopted the company guidance (5% growth), to take into account the risk of more limited growth in the terminals business, which has suffered from the shortage of semiconductors.
The share is currently up about 1% at around 68 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.
The broker has said that there has been an exaggerated downgrade from the disappointment relating to no conclusion from the strategic review of the terminals division, and that the share's valuation has become very attractive once again.
However, Oddo has reduced its forecasts by an average of 2.8% for 2021/23 and has just adopted the company guidance (5% growth), to take into account the risk of more limited growth in the terminals business, which has suffered from the shortage of semiconductors.
The share is currently up about 1% at around 68 euros.
Copyright (c) 2021 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.