(CercleFinance.com) – Oddo maintains its ‘outperformance’ rating on the Seb share, with a price target revised downwards to 163 euros, against 177 euros previously.
The analysis office considers ‘excellent’ turnover for the 4th quarter, which rose by 8.8% to 2,488 ME. Over the year as a whole, sales came out at 8,059 ME, 2% above Oddo’s estimates.
Furthermore, the analyst points to an excellent performance in China in the 4th quarter, after a somewhat ‘soft’ 2nd and 3rd quarter.
However, following the evolution of the comparables, the broker adjusts its target price downwards.
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