Corrects historical share performance in the last bullet
** ODDO BHF upgrades Flow Traders FLOW.AS to "outperform" from "neutral", citing resilient Q3 exchange-traded product (ETP) volumes and "robust momentum in altcoin market" as key drivers of profitability
** Shares in the Dutch trading firm rise 6.3%
** The broker points to structural growth in trading capital, supporting sustained revenue levels and elevated performance
** ODDO BHF sees upside potential to consensus estimates for 2026/27, expecting Flow Traders to "sustain recent elevated revenue levels", which are likely to accelerate further due to structural growth in trading capital
** Shares are on track for their best day in seven months if gains hold
** Up to Friday's close, shares were up 15.1% YTD, further boosting last year's gains of 20%
(Reporting by Olivier Cherfan)
((olivier.cherfan@thomsonreuters.com))