Fortum: Oddo BHF still a buyer

(CercleFinance.com) - On Wednesday morning, an Oddo BHF analyst confirmed his "buy" recommendation on the share of Finnish energy company Fortum, conceding that the group has experienced "a weak Q2", in "a difficult environment".


Fortum reported lower than expected quarterly results this morning. (...) Regarding the Covid-19 pandemic, its impact [on business] remains fairly limited, as the group said, the broker commented.

Oddo BHF thus confirms its target price of 18 euros for the share (currently down about 3% at 17.3 euros).


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