Oddo BHF reaffirms its 'outperform' rating on IDI and raises its target price from €75 to €78, noting a target discount lowered from 25% to 20%, as well as the increase in NAV announced by the private equity firm.

The research department hails IDI's good portfolio turnover, with nine deals completed in the first half and 14 in all since the start of the year, a trend it expects to continue.

According to Oddo BHF, the Group continues to demonstrate its ability to support the growth of its holdings, to make creative investments and to dispose of holdings at consistently attractive multiples.

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