(CercleFinance.com) – Oddo BHF reaffirms its ‘outperformance’ opinion on Ipsos with a price target raised from 52 to 57 euros, the day after the presentation of the opinion poll group’s 2025 roadmap, which points ‘sustained growth in activity and profits’.
“This roadmap surprises us positively and confirms the quality of the repositioning carried out a few years ago”, judges the analyst who “also appreciates the rather defensive profile of the group compared to the current environment”.
If the time is not right to raise its forecasts given the macro uncertainties, Oddo is reducing the governance discount in its valuation model (renewal of the management team including the appointment of a new CFO).
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