Schneider: UBS confirms buy rating

(CercleFinance.com) - The analyst believes that H2 margin forecasts look cautious: the group seems ready for further growth, UBS believes.


UBS confirms its Buy recommendation on the share, leaving its target price unchanged at E250.

"6% Adj EBITA beat and margin guide raise while still remaining conservative. Management are clearly building an 'under-promise and over-deliver' reputation", UBS says.

On its H1 results, Schneider Electric said that it is slightly raising its 2024 target to now aim for organic growth in adjusted EBITA of between 9% and 13%, based on a margin assumption that is now forecast between 18.1% and 18.3%.


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