(CercleFinance.com) – Oddo BHF maintains its ‘outperform’ rating on the EssilorLuxottica share with a price target raised from 204 to 225 euros, wishing to ‘revisit the investment case in a more favorable direction’.
According to the analyst, the group’s structural growth outlook becomes more favorable thanks to dynamic management of the product portfolio and the creation of development opportunities in adjacent segments.
Oddo BHF indicates that the price increases planned for 2024 to better compensate for inflation will occur gradually over the year.
‘We are slightly adjusting our Q1 turnover forecast to 6346 ME, i.e. +3.1% y/y and +4.7% at cc (compared to +4.6% and +5.2% previously) but are keeping our forecasts almost unchanged. annual forecasts’, concludes the broker.
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