Report
Saipem : Focus on the margin recovery on a buoyant market
>Neutral rating maintained - Following the Q2 2023 publication and conference call, we have marginally adjusted our EPS estimates. We reiterate our Neutral rating on the stock (target price: € 1.4), noting that in the sector (which is undergoing a marked acceleration) there are still a number of stocks with greater appeal and higher upside. On the financial front, Saipem is in good shape. The market should continue to focus on the continuing recovery in the group...
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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