Report
Saipem : Buoyed by the momentum in the market
>Neutral recommendation (target price raised to € 1.4 vs € 1.3), we prefer other players - There are still many stocks with greater appeal in the sector (which is undergoing a marked acceleration) with higher upside, hence our Neutral recommendation on Saipem. Financially, Saipem is in good shape, and the market should continue to focus on the group's continued improvement in profitability and ability to deliver on the execution side of turnkey contracts. Follo...
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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