Plastic Omnium: stock rises, with analyst comments
(CercleFinance.com) - Plastic Omnium's shares rose sharply on the Paris stock exchange on Monday, as JPMorgan upgraded its rating on the stock from "underweight" to "neutral".
At around 2.15pm, the share of the automotive supplier, which specialises in body parts, was up over 4.5%, making it the biggest winner in the SBF 120 index, which was pretty flat at the same time.
In a sector report published in the morning, analysts at JPMorgan were more positive about the French group, expressing confidence in both the improvement in the passenger car market and the recovery in the profitability of its lighting business.
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