COFACE : price target raised by Oddo BHF
After this "good start to the year, with a combined ratio that remains excellent", he is raising his net income forecasts by 15.8% for 2024 and 5% for 2025, essentially to incorporate a better claims experience than in his previous forecasts.
"The share thus offers, including dividends to be received, a total appreciation potential of 16% between now and the end of the year. Coface continues to enjoy very good technical profitability, and the stock still offers an attractive yield", adds the analyst.
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