Bolloré: Oddo raises target price

(CercleFinance.com) - Oddo maintains its "outperform" rating on Bolloré shares, nudging up its target price for them from 6.
5 euros to 6.9 euros.

The broker says that Bolloré this morning reported Q1 sales (5698 million euros) that exceeded its expectations (4857 million euros), in particular with excellent growth at the Bolloré Transport & Logistics division, boosted by 62% growth in transport commissions, which bodes well for FY 2022.

Oddo says that Bolloré could now consider two moves: strengthening its position in the transport commission business or strengthening its position in Vivendi, saying that it would have enough net cash to conduct these two reinforcements.


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