(CercleFinance.com) – Oddo BHF confirms its ‘neutral’ rating on Publicis shares, with a price target raised from 75 to 77 euros.
The analyst firm believes that the 4th quarter should remain ‘dynamic’, with Publicis continuing to benefit from its 2022/23 contract wins at Publicis Media and Epsilon, with a cost base under control.
In this context, Oddo BHF indicates that it is raising its expectations for 2023, with organic growth expected at 6% compared to +5.6% previously, an expectation which thus stands at the top of the group’s guidance range (between +5.5 % and 6%).
The broker therefore anticipates growth of 4.8% in the 4th quarter and estimates that the operating margin should reach 18.1% over the entire 2023 financial year.
Consequently, Oddo BHF announces that its EPS estimate is revised upwards by 4% on average over 2023/2024.
Copyright © 2023 CercleFinance.com. 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.
