While maintaining its 'neutral' opinion on bioMérieux, Oddo BHF has raised its price target from €105 to €113, the day after the presentation of a medium-term roadmap that 'would be rather above or at the top end of consensus expectations'.

'We found the company rather confident and explicit, in short rather convincing, on its growth levers and efficiency measures', the analyst judges, noting also 'a surprisingly willing message on M&A'.

All in all, Oddo BHF believes that bioMérieux 'offers a medium-term plan and visibility, and addresses issues that the market has been waiting for, presents a solid trajectory and manages to demonstrate that scale effects will finally become material'.

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