L'ORÉAL : Oddo BHF raises its target price
The research firm now anticipates organic growth of +7.7% over 2024 (versus 6.2% previously and a consensus of +6.9%), with the operating margin on ordinary activities unchanged at +23 basis points over 2024.
The analyst continues: "EPS growth for 2024, now expected at +8%, should therefore be high enough to further support our demanding but justified valuation multiples.
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