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Suez: Oddo confirms rating after roadshow

(CercleFinance.com) - After a roadshow in Frankfurt, Oddo maintains its Neutral rating on the Suez share, along with its target price of 15.
60 euros.

Investors' questions focused on the equation of the strategic plan. In Suez's cost reduction plan, the relative share of purchases, i.e. 35% to 40% of the group's 1 billion euro target, should be generated by better centralisation of operations and greater selectivity in business choices, Oddo says.

At the end of this roadshow, Oddo is not changing some of its assumptions for divestments. It still considers that the group could make divestments in its Water division, with businesses in Spain, the broker adds.


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