Report
Saipem : 2024 will remain affected by “challenging” contracts (but less so than in 2023)
>Neutral recommendation and target price unchanged at € 1.4 - We reiterate our Neutral rating on the stock (target price: € 1.4), bearing in mind that in the sector (in a rapid acceleration phase especially in the offshore segment) several other stocks hold greater appeal with more substantial upside. On the financial front, Saipem is in good shape. The market should continue to focus on the continuing recovery in the group’s profitability (more specifically on the m...
Underlying
SAIPEM S.P.A.
Provider
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.
Baptiste Lebacq
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