Eramet: Oddo raises target price

(CercleFinance.com) - In its comments on the diversified mining sector, for which it has upgraded its price scenario, Oddo BHF reiterates its "outperform" rating on Eramet shares, having increased its target price for them from 86 euros to 89 euros.


In its opinion, Eramet's financial and operating situation has stabilised and the commitment of stakeholders (SLN, Aubert & Duval) should materialise, while nickel and manganese fundamentals remain solid and finally the stock's valuation is attractive.

At the sector level, Oddo BHF has increased its 2021-23 EPS expectations by 22%, 19% and 6% respectively, although maintains its stock hierarchy, reiterating its preference for Anglo American.


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