Weekly Trader and Bond Markets 30.09.2024 – L’Oréal, Flutter & Rio Tinto

30.09.2024



Opportunities this week:

  • We are increasing our price target on L’Oreal to €466 and adding the stock to our Analyst Conviction List. (BUY PT: €466).
  • As we flagged ahead of time, management utilised its capital markets day last week to highlight the significant growth opportunity on the horizon for Flutter, as the global scale leader in the gambling industry. (BUY PT: $275/£206).
  • We continue to appreciate Rio’s strong financial position, its growth potential from new mining projects, attractive valuation metrics, as well as the improvement in commodity price outlook. (BUY PT: £60.75).