Faurecia: UBS still a buyer after warning
(CercleFinance.com) - UBS reinstates its "buy" rating on Faurecia shares, maintaining its target price at 57 euros, which gives the the French automotive supplier's share upside potential of 41%.
The broker sees consensus downgrades of 12%-15% for fiscal 2021, in light of the new profit warning announced the previous day due to reduced volumes, high volatility and a plant issue in the US.
The share is currently down almost, only slightly underperforming the market in Paris.
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