MCPHY : Oddo BHF reduces its target price
From a meeting with the company at the Lyon Pôle Bourse Forum, the analyst notes in particular a lackluster performance due to a market that is taking longer to develop, as well as a less favorable interest rate environment.
At this stage, cash consumption remains high (38.5 million euros in the first half of 2023) and we anticipate 75.5 million euros for the full year", says Oddo BHF, which is still targeting negative EBITDA in 2025 and a return to breakeven beyond 2026.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction