(CercleFinance.com) – Plastic Omnium gained more than 3% in Paris, while Stifel confirmed its advice to ‘hold’ on the value, with a price target raised from 16 to 19 euros.
The analyst estimates that the dynamics of the 2nd quarter should emerge in line with the previous quarter and raises its 2023/24E EPS by around 11% on average.
“Our LVP assumptions are now more constructive (2023 +3.5% vs +0.5% previously) and therefore more in line with consensus expectations in 2023/24E and company guidance for this exercise,” notes the broker. .
Stifel is thus targeting a turnover of 5.3 billion euros, up 19% year-on-year.
The analysis office nevertheless specifies that it remains to ‘keep’ because ‘we detect fewer catalysts in Plastic Omnium than in some of its peers’, he explains in substance.
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