Oddo BHF reaffirms its 'outperform' rating on Compagnie des Alpes (CDA), with an adjusted target price of 18 to 18.5 euros, highlighting 'a generally successful ski season, while the outlook for leisure parks remains bright'.

In view of the current good momentum and the potential for an upward revision, CDA's discount to historical multiples seems severe, especially as yields should be record high in 2023 and 2024", says the analyst in charge of the file.

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