Veolia: Oddo boosts target price significantly

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Veolia shares, while boosting its target price for them from 28.
5 euros to 43.4 euros, following the integration of Suez's assets, against Veolia as a "stand alone" entity. Its improved vision of the company is also based on the 2022-27 trajectory of the New Veolia.

The analyst said that the New Veolia will be operational from 1 January 2022. The end of the tender offer around end-November will mark the beginning of a new economic and stockmarket history.

The broker summarises that with a broader technology base and a wider market position, it believes that the New Veolia is well placed to capture the opportunities of the economic transition.

The market seems to agree - the share is currently up almost 2% in Paris.


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