(CercleFinance.com) – While maintaining its ‘neutral’ position, Oddo BHF lowers its price target to 5,300 pence, ‘even if short-term momentum should remain favorable with the slight upward revision of expectations among other analysts’ .
After a contrasting operational performance in the first half of 2023, the research office is counting on a rebound in the second half, as well as a favorable dynamic of results in the second half and in 2024, then stability beyond.
‘Among the large mining companies, Rio Tinto undoubtedly benefits from the most attractive commodity mix in the current context but the drivers of the increase in iron are, in our opinion, quite fragile given the fundamentals of steel, particularly in China,’ judges -he.
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.
