Ipsos: Oddo raises target price

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on market research firm Ipsos shares, having increased its target price for them from 57 euros to 60 euros.


The group's publication, marked by a continued sound momentum (excluding the termination of Covid related contracts), and an improvement in guidance for 2022, has led the broker to raise its earnings estimates by 5% (average over 2022-24).

Oddo also highlights sustained growth in both business and profits in the 2025 roadmap, a fairly defensive profile compared to the current environment, positive governance developments and low valuation multiples.


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