(CercleFinance.com) – Oddo BHF raises its opinion from ‘neutral’ to ‘outperforming’ on Française de l’Energie (FDE), given the significant upside potential offered, compared to the current price, by its price target yet lowered from 61 to 53 euros.
The design office indicates that it has revised its estimates for the company by -15% on average over the period 2023-2026, “taking into account the administrative delays in the operating permits for new cogenerations”.
‘The short and medium term momentum of gas and electricity prices remains very favorable despite the risk of a ceiling. The current price and the current valuation of FDE offer, in our opinion, a good entry point, ”he nevertheless judges.
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