Oddo BHF reaffirms its 'outperform' rating on Ekinops, with an adjusted price target of 7.5 euros, following the publication of lower-than-expected quarterly sales, still penalized by the access division.

Despite a somewhat disappointing end to the year, the tone for 2024 remains positive, with the prospect of a rebound in access and continued good momentum in transport", adds the analyst in charge of the file.

Although Oddo BHF is cautiously lowering its 2024 growth scenario from 7% to 5%, it believes that "the file offers an attractive valuation, attractive prospects for a rebound and intrinsic qualities".

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