CTS Eventim rises after ODDO BHF ups to 'outperform'

CTS Eventim AG & Co KGaA

02/07/2026 09:19

** Shares in CTS Eventim EVDG.DE rise 5% after ODDO BHF upgrades the German ticketing firm to "outperform" from "neutral," citing a better earnings outlook
** Broker expects earnings to improve in 2026 as integration costs ease and some loss-making festivals close
** "Management could also strike a more optimistic tone on 2026 at the Q2 results in August," ODDO BHF says, pointing to solid Q1 momentum
** It also adds the stock looks heavily undervalued after falling more than 50% since last summer, now trading at discounted valuation multiples
** ODDO BHF raises target price by 3% to €67 from €65
** Stock still down 29.5% YTD
     
     

(Reporting by Kira Britten)
((Kira.britten@thomsonreuters.com))