TF1 has climbed nearly 10% to top the SBF120 index, buoyed by comments from Oddo BHF, which has raised its opinion on the media group's stock from 'neutral' to 'outperform', with a new target price of 13 euros (vs. 10 euros previously).

The research firm is raising its 2023/25 EPS estimates by an average of 10%, due to an increase in advertising expectations (thanks to the ramp-up of the new TF1+ digital offering) and a review of its cost model.

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