While maintaining its 'neutral' opinion on Solutions30, Oddo BHF has lowered its target price from three to 2.5 euros in the wake of its EPS forecasts (return to profit postponed to 2025 in its model) following the publication of 2023 results.

The research firm recognizes a stronger-than-expected recovery in EBITDA margin in 2023, as well as net losses close to its expectations, and envisages a further improvement in EBITDA margin this year.

'We are now awaiting the official certification of the accounts by the auditors on April 19 and a Capital Markets Day in May, important steps to gain confidence in the dossier', adds the analyst.

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