Report
Baptiste Lebacq

Saipem : Les hausses de backlogs peuvent parfois être pernicieuses

>Risk/Reward trop peu attractif, opinion Alléger maintenue (OC 1.9 €) - Nous maintenons notre recommandation Alléger sur le titre. Malgré la correction d’hier et une nette sous-performance boursière par rapport à son secteur depuis le début de l’année, nous jugeons, à ce stade, que le risk/reward est encore trop peu attractif pour revenir sur le titre. A la suite de cette publication nous avons ajusté à la baisse notre séquence de BPA. Notre nouvel OC (obtenu toujours...
Underlying
Saipem S.p.A.

Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.

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
Baptiste Lebacq

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