Adevinta : Solid Q2 2021, confident tone and presentation of eCG platforms hint at a very good CMD in November – target price lifted to NOK 210
>Outperform rating reiterated, upward revision to 2022e EPS of 3% and target price lifted to NOK 210 – The new entity is undervalued in our view - We reiterate our Outperform rating and we revise up our target price to NOK 210 (vs NOK 200) due to the upward revision to our forecasts (+3% on 2022e EPS) and an update to the EUR/NOK exchange rate. We continue to think that Adevinta is perfectly positioned to: 1/ more effectively monetise its positions (leader in virtuall...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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