Analyst Lance Vitanza from TD Cowen maintained a Hold rating on JCDecaux SA (0MGO – Research Report) and decreased the price target to €18.00 from €20.00.
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Lance Vitanza’s rating is based on a combination of factors influencing JCDecaux SA’s current market position. The company exceeded expectations in the first quarter of 2025, showing robust performance across all its segments and regions. However, the guidance for the second quarter was not as strong as anticipated, with the Transport and Billboards segments showing no year-over-year growth.
As a result, Vitanza has slightly reduced his estimates, taking into account the increasing difficulty in comparisons and the reduced visibility in the latter half of the year, especially considering the prevailing global macroeconomic conditions. Consequently, the price target has been adjusted from €20.00 to €18.00, reflecting these challenges and uncertainties.
In another report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a €17.00 price target.
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