Oddo BHF reaffirms its 'outperform' opinion on Argan, with a price target adjusted from 120 to 105 euros based on market data, ahead of the publication this evening of the logistics property company's annual sales figures.

Overall, we expect the company to maintain its growth trajectory over 2022 / 2023", says the analyst, who sees 2022 earnings per share up by 4.7% to 5.21 euros, including annual sales of around 165 million.

Oddo is maintaining its positive recommendation on the shares, 'in view of the company's ability to maintain positive growth despite rising interest rates, and the expected revaluation of the stock following its inclusion in the EPRA index'.

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