Lisi Shares Climb Over 2% Approaching All-Time High
The aerospace and automotive equipment supplier continues its midday rise in a well-oriented Parisian market. The stock is testing a key technical resistance as Oddo BHF has just raised its price target on the stock.
Oddo BHF Raises Its Target from €71 to €76, Maintains Outperformance
Oddo BHF has raised its price target on Lisi this Thursday, increasing it from €71 to €76, while reaffirming its favorable opinion. Based on the current price of €69.20, the new target from the research firm offers a potential appreciation of about 9.8%. The stock is up 2.22% in the session, outperforming a scattered industrial sector, and has gained nearly 6.3% over the month.
The adjustment by the Parisian research firm follows a session already marked by a surge of 5.5% the previous day, as documented in a brief from July 1st. Over the year, the Grandvillars-based equipment supplier has shown a performance of 91.16%, driven particularly by the recovery of the aerospace cycle and by the persistent strength of aluminum, priced at $3,666 per ton (+19.6% over three months according to the World Bank).
The Stock Re-tests Its Resistance at €69.70, Close to Its Record
From €69.20, the price is challenging its resistance at €69.70, a threshold that coincides with the zone of the last absolute record set on June 22. The stock is significantly above its MM20 at €65.95 (+4.93%) and its MM50 at €64.72 (+6.92%), signaling a bullish momentum that remains intact. The RSI at 59 keeps the stock away from extreme zones, without obvious excess despite the quarterly rally of more than 25%.
Breaking through €69.70 would pave the way for a new all-time high, while short-term support is located at €62.90.
