Oddo BHF confirms its "outperform" rating and €22 target price for Compagnie des Alpes (CDA), a stock included in its "European Nextcap convictions" for H1 2025, following the publication of its interim results.

Even though weather conditions could still affect the final results for the year, especially in the second half, CDA is on track for another record year in terms of both profitability and dividends (yield 6.5%), the analyst said.

He also believes that, despite a respectable stock market performance since the beginning of the year, its valuation still appears attractive with a 2025 P/E of 7.8x, while CDA remains a 'safe' vehicle in the current macro/international context.


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