Bic: share price up, broker raises target
The analyst points out that with the 'Horizon' strategic plan, 'growth has clearly recovered, and management even raised its expectations in September (+5/7% cc vs ~5% initially)'.
Oddo BHF believes that the next step will now be to improve MOP (+150 bp by 2025) and FCF (> 220 ME from 2024 vs. > 200 MEe previously).
"These performances should help to reduce a particularly high valuation discount", concludes the broker.
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