Oddo BHF has reaffirmed its 'outperform' rating on Pierre & Vacances, as well as its price target of two euros, after the tourism group's investor day (CMD) reinforced its positive view of the share.

"We are confident in the group's ability to continue to successfully execute its strategic plan", says the analyst, who considers the objectives "credible for 2028, supported by cost savings and topline growth".

Oddo BHF also mentions several catalysts, namely a unique positioning focused on local tourism, a renovated park, confidence in the ability to manage inflation, a net cash position and a valuation discount.

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