Oddo BHF confirms its 'outperform' opinion on LDC, with a price target raised from 130 to 140 euros, following strong growth in 2022-23 results, accompanied by the food group's confidence in its outlook.

Considering that 'fundamentals have strengthened', the research department raises its 2023-24 EPS forecast for the poultry specialist by 6.5%, targeting volume-driven organic growth of 1.6% and a margin of 5%.

LDC remains well positioned as the French market leader, with a diversified product range and proven agility to overcome, in particular, the uncertainty surrounding consumption trends", says the analyst, for whom the valuation remains "inexpensive".

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