Beiersdorf : A still positive view of the strategic change. A valuation that is putting a brake on potential in the current context
>Neutral maintained: the recovery should continue in the right direction. But PER remains a brake in the current context - We reiterate our Neutral recommendation with a target price of € 90. Over and above the improvement in momentum, we continue to see a strategic change that is moving in the right direction. The 2023e PER of 27x nonetheless remains a brake in a context in which investors are displaying a great deal of caution on the most expensive stocks in the sec...Beiersdorf manufactures and distributes consumer goods. Co. operates in two business segments: consumer, which is Co.'s main business that focuses on the skin and body care markets, with products including NIVEA's Deodorant Invisible for Black & White, NIVEA Deodorant Stress Protect, NIVEA In-Shower Body Lotion, NIVEA Cellular Anti-Age face care, and Eucerin's VOLUME-FILLER; and tesa, which develops, produces, and markets self-adhesive products and system solutions for industry, craft businesses, and consumers. In the electrical industry, the tesa business segment's adhesive systems are used in mobile devices such as smartphones, tablet personal computers, and MP3 players.
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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