JCDecaux: Mainfirst says hold
(CercleFinance.com) - On Thursday Mainfirst initiated its coverage of the JCDecaux share, recommending investors hold it, with a target price of 16 euros.
The broker expects the outdoor adverting group's revenues to drop 30.4% this year, before picking up by 14.6% and 15.0% respectively in 2021 and 2022.
Mainfirst believes that its operating margin will reach 8.2%, 12.6% and 17.5% over 2020-22, against a pre-crisis level of 20.4%.
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