Oddo BHF has raised its opinion on SMCP (Sandro, Maje, Claudie Pierlot) from 'neutral' to 'outperform', and increased its target price from 3.5 to 5.6 euros, citing recent news about the group.

"After three years of shareholder stories that have spoiled the equity story, the July judgment and order have taken a major weight off and increased speculation on the stock", the analyst points out.

Oddo BHF also considers that 'if the textile market environment is difficult, SMCP is trading at valuation levels that do not reflect its respectable operating performance in this context'.

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