Oddo BHF maintains its Outperform rating on Trigano shares, with its target price raised from €148 to €160.

The analyst's opinion is based in particular on Trigano's half-year results, which were 'slightly ahead of expectations', with ROC of 173.4 ME (compared with 169.2 ME anticipated).

Given the high level of the order book, which is saturating production capacity, Trigano expects sales to progress well, and is "very confident" that motorhome sales will continue to grow beyond 2023.

Oddo BHF therefore raises its OIR assumptions by 7% to 400 ME for the second half of the year.

The analyst also points to good visibility for the second half, resilient margins and a "very favorable" balance sheet situation.







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