(CercleFinance.com) – Oddo BHF downgrades its opinion on Worldline to ‘neutral’ with a price target reduced from 18 to 13.5 euros, ‘as part of a change of analyst for coverage of the stock and ‘a more marked sectoral hierarchy’.
‘The multiple valuation prospects appear attractive, but the momentum should remain problematic (low organic turnover growth until the fourth quarter) and it will take time to reassure the group’s competitiveness,’ he believes.
According to the research office, the payment solutions group this morning reported results for 2023 ‘at the lower end of guidance as expected’ and revealed guidance for 2024 ‘with no major surprises compared to expectations’.
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