Suez: Barclays raises price target
(CercleFinance.com) - Barclays maintains its 'equal weight' rating on Suez with a target price raised from 11 to 18 euros, saying “our previous very negative macro-economic assumptions appear to be no longer justified”.
The broker recalls having had a preference this year for Suez as compared with Veolia based on its SUEZ 2030 strategic plan, a more “specific and quantitative” financial guidance for 2020 and Veolia's purchase of a 29.9% stake in Suez.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.