Oddo BHF confirms its 'outperform' opinion and its price target of 21 euros on Compagnie des Alpes (CDA), a stock included in its list of top European Nextcap picks for the first half of the year, the day after the tourism group's half-yearly publication.

Pointing to a logical raising of the 2023-24 EBITDA guidance, the research consultancy displays a 2023-24 scenario 'now in line with CDA's objectives, and which could prove relatively cautious if the good momentum continues in the second half'.

The analyst adds: "The stock has recently regained some color, but it should be remembered that CDA's valuation remains well below historical multiples, while the dividend has never been so high".

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