Oddo BHF maintains its 'outperform' rating on Worldline, with an adjusted price target of €70 to €60, in a note on the payment solutions provider and its peer Nexi, for which it is lowering its EPS estimates for 2023.

While it anticipates 2022 results broadly in line with expectations, the research firm believes that 'the potential for pleasant surprises is limited in this publication season, even if 2023 guidance exceeds expectations'.

Momentum should, however, become more favorable from the first-quarter results onwards", the analyst qualifies, pointing to more favorable bases of comparison with the Omicron wave, the on-board effect of inflation and the return of travel.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.