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Suez: Barclays raises price target

( - 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.

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