Solutions30: Oddo BHF reduces target price

(CercleFinance.com) - While maintaining its 'neutral' rating on Solutions30 shares, Oddo BHF has lowered its target price for them from E3 to E2.
5, in the wake of its EPS forecasts (return to profit postponed to 2025 in its model) following the publication of 2023 results.

The broker acknowledges a stronger-than-expected recovery in EBITDA margin in 2023, as well as net losses that are close to its expectations, and expects a further improvement in EBITDA margin this year.

We are now awaiting the official certification of the accounts by the auditors on 19 April and a CMD in May, important steps for us to have greater confidence in the dossier, the analyst adds.


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