Bureau Veritas: Oddo adjusts target price

(CercleFinance.com) - Oddo BHF is maintaining its "outperform" rating on Bureau Veritas shares, while trimming its target price for them from 31.
5 euros to 31 euros, to factor in slightly more risk, with Q2 decelerating from Q1.

Analysts have marginally revised their estimates for the inspection and certification services group, although above all have adjusted their sequence for the year, with a reduction in their expectations for H1, increasing their estimates for H2.

It should also be noted that the first two months of the year were described as "very good" by management at their roadshow at the beginning of the month, whereas March is facing a difficult comparison basis, it added.



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