AdVini: Invest Securities lowers its target

( – While it reiterates its ‘buy’ opinion on AdVini ‘given its value character’, Invest Securities lowers its price target from 25 to 24 euros, estimating that ‘uncertainty remains regarding an improvement rapid momentum’.

“The expected rebound in activity in the second half of 2023 did not materialize, with Advini suffering like the sector from a drop in volumes which is only very partially offset by price increases,” points out the analyst.

Invest Securities significantly lowers its 2023-25 ​​expectations for the wine group, but with a limited impact on its price target, ‘in connection with the partial taking into account of the heritage character of the group and the medium and long term prospects’.

Copyright © 2024 All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.

Did you like this article ? Share it with your friends using the buttons below.





Source link -85