(CercleFinance.com) – Oddo is adjusting its EPS sequence by 15% on average for the group over the 2022-24 period, retaining a contribution from Russia at zero as of today with a cautious approach.
Oddo adds that excluding Russia, the enterprise value to EBIT valuation ratio (restating customer advances) is 3.5 times 2022 and 2.9 times 2023, i.e. a discount of more than 60% compared to comparables. .
Oddo BHF reaffirms its ‘outperformance’ opinion on Technip Energies, a stock that is part of its list of Midcaps recommended stocks, with an adjusted price target of 18 to 16 euros, the day after the engineering group’s annual results.
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