PLASTIC OMNIUM : Oddo BHF remains positive, adjusts its target
While we remain cautious overall on the segment, with a marked preference for other players (Stellantis, Ferrari and Michelin are our Top Picks), we still consider Plastic Omnium to be more attractive than most of its peers on a relative basis", says the analyst.
Among the main elements, Oddo BHF appreciates 'in particular the more marked outperformance profile (cf. record order intake at twice sales in 2023), but also the very strict management of costs and FCF, illustrated again yesterday (and in the outlook)'.
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