Quadient's share price has risen by almost 3% on the strength of comments from Oddo BHF, which reiterated its 'outperform' rating and raised its target price from €27 to €33, citing the company's new roadmap unveiled at its June 19 investor day.

The analyst expects an EBIT TMVA 2023-30 of +7.2%, i.e. a recurring operating margin improvement of almost 500 basis points, with a contribution from digital and locker activities of almost 50% of recurring EBIT, compared with a negative contribution at present.

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