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(CercleFinance.com) – Oddo BHF maintains its outperformance rating on Renault shares with an unchanged price target of 60 euros.
While the Losange will publish its quarterly reports on 10/24 before market trading, Oddo BHF is targeting a turnover of 10.4 billion euros (-0.8% as published) with negative volume dynamics largely offset by positive mix effects (especially products).
The analyst also revises his estimates, mainly in order to integrate the recent sale of Nissan shares (494 ME for 195 million shares) which leads to a capital loss on the sale of 1.1 Bn impacting the net result and the EPS but not the dividend.
‘Apart from these elements, our revisions remain very modest (
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