Oddo confirms its 'outperform' rating on Voltalia shares, with a price target lowered from €23.7 to €20.3.

Indeed, "the publication of 2022 performance below our expectations and those of the consensus has led to an understandably negative reaction from the market", notes the broker.

We believe that, beyond this publication, a clarification exercise on the 2023-2027 trajectory of items below EBITDA needs to be implemented by financial management and investor relations," continues Oddo.

Against this backdrop, the analyst leaves its 2023-2027 EBITDA estimates unchanged overall, in line with the guidance in the Group's strategic plan.

These factors lead us to revise our 2023-2027 EPS sequence by -33.8%", concludes Oddo.

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.