ODDO BHF Small & MIDCAP MORNING NEWS - 13/12/2022
The looming recession scenario risks slowing the air traffic recovery and we now expect a return to 2019 traffic levels in 2025 (vs 2024 previously). On the basis of our multi-criteria analysis (traffic, costs, pricing power, balance sheets and valuations), we are adjusting our recommendations ranking for airlines and airports. We have a preference today for Ryanair, Wizz Air (Outperform vs Neutral) and AENA (Outperform vs Neutral), whereas we are cautious about ADP (Underperform), IA...Bpost is engaged in the provision of national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels. In addition, through its subsidiaries and business units, Co. sells a range of other products and services, including postal, parcels, banking and financial products, express delivery services, document management and related activities. Co. operates through two business units: the Mail & Retail Solutions and the Parcels & International.
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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