Credit Suisse found little detail in the AGM update. The broker assesses near-term volatility is highly likely. Moreover, consensus estimates appear “toppy” for 2021.
Nevertheless, the valuation appears undemanding and the broker retains an Outperform rating. Target is raised to $1.29 from $1.25.
Sector: Media.
Target price is $1.29.Current Price is $1.11. Difference: $0.18 – (brackets indicate current price is over target). If OML meets the Credit Suisse target it will return approximately 14% (excluding dividends, fees and charges – negative figures indicate an expected loss).
