Forvia : Barclays remains positive, lowers target

(CercleFinance.com) - Barclays reaffirms its 'overweight' recommendation on Forvia, while lowering its target price from E20 to E16, after the automotive supplier significantly revised its expectations for 2024-25.


The acceleration of Forvia's efforts to extract synergies and cost savings, as well as a constructive message on asset disposals and balance sheet deleveraging, give us confidence that the worst is now behind us", the broker believes.

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