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Faurecia: now a best pick for Invest Securities

( - Parisian broker Invest Securities has decided to include the share of the automotive component supplier Faurecia, which is currently a subsidiary of Peugeot SA, in its list of best picks, which it calls its "IS Selection".

The broker maintains its buy rating and target price of 60 euros for the share.

This decision follows the announcement of the proposed merger between the French car maker Peugeot SA and its Italian counterpart, Fiat Chrysler Automobiles (FCA).

For the record, before the completion of the (merger) deal, Peugeot SA would distribute to its shareholders its 46% stake in Faurecia, both companies say.

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