Vilmorin: upbeat after a business update
This first half undeniably reflects a certain advance on objectives, hence the upward revision of topline guidance to +8/10% in organic terms, compared with +6/8%", points out the analyst, who sees a TMVA of ROC 2022/25 of almost 7% for the seeds company.
While maintaining an 'outperform' rating on Vilmorin, a stock included in its 'European Midcap S1 2023' list, Oddo is raising its target price from 68 to 76 euros, judging that 'valuation remains structurally as modest as ever'.
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