PIERRE & VACANCES : Oddo BHF remains positive, adjusts its target
'We believe the Group has several catalysts', says the research house, pointing to a 'unique positioning focused on local tourism' and a 'renovated portfolio enabling improved occupancy rates and prices'.
Oddo BHF also mentions confidence in the Group's ability to manage high inflation, a net cash position and a valuation that reflects a discount of around 30% to the historical average.
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