Report
Geoffroy Michalet

ODDO BHF Small & MIDCAP MORNING NEWS - 06/18/2020

We are maintaining our Neutral recommendation on Lagardère, with a new target price of € 14.5 (vs € 16). We are cutting our EBITA forecasts for 2020, mainly due to Lagardère Travel Retail and the likelihood of a very slow recovery. We also see diminishing speculative appeal for the stock following Groupe Arnault’s acquisition of a stake in Lagardère C&M. - ...
Underlyings
Fnac Darty SA

Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.

GL Events SA

GL events is an international provider of event solutions and services. Co. operates in three segments of the event industry market: the organization of trade fairs, conventions and events(Co. organizes proprietary trade shows); the management of venues(Co.'s venues are managed under concession agreements or long-term public-private partnerships); and services for events(Co. equips and installs every type of event). Co. assists companies, institutions, and event organizers at every stage of the process from the definition of their event strategies to final implementation in the field.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Geoffroy Michalet

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