(CercleFinance.com) – Oddo today confirms its ‘outperformance’ recommendation on Vinci shares and adjusts its target price to 123 euros, against 118 euros previously.
“After a solid stock market performance, the current valuation remains attractive with a 2023 FCF yield of nearly 8% and a dividend yield close to 4%,” notes the analyst.
Vinci’s performance in 2023 could be supported, according to Oddo, by a better valuation of renewable activities, particularly at Cobra IS.
‘A resumption of discussions with the French government around a plan for the decarbonization of motorways would also constitute a catalyst for the title’, further notes the analyst.
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