Seb: reassuring publication according to Oddo BHF

(CercleFinance.com) - Oddo BHF has reiterated its 'outperform' rating and 140-euro price target on Groupe Seb, on the heels of a business update deemed reassuring, with sales in line with estimates and renewed margin guidance for 2024.


In a complex geopolitical and macroeconomic environment, this publication testifies to the dynamism of the small domestic equipment market, supported by innovations", says the analyst.

"In the medium term, Seb will benefit from its exposure to China and possible measures to support consumption. On this basis, the valuation still seems relatively modest', he continues.

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