JCDecaux : More limited upside, Neutral vs Outperform
>Upside is limited following the recent increase in the share price - We upgraded our recommendation for JCDecaux from Neutral to Outperform on 11 September 2023. Since this date the share price has gained 34%. Our target price now stands at € 23/share, revealing limited upside of 8%. For this reason we are downgrading our recommendation to Neutral (vs Outperform). Momentum remains favourable, notably in Europe and in France (thanks to the Olympic Games). Organic gr...JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
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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