Bryan, Garnier & Co's News

Tod's Group: H1 above expectations!

NEUTRAL, Fair Value EUR88 vs. EUR83 (-7%)
News published on
August Friday 7, 2015


Although the H1 results were above expectations both at the top and EBIT lines, the group’s performance was still below peers. We adjust our FY EBIT by 4% hence our new EUR88 FV. We keep our Neutral recommendation due to its already high valuation.