Veolia: HSBC lowers target price
(CercleFinance.com) - HSBC announced on Tuesday that it had lowered its price target for Veolia from E38 to E37, while renewing its buy recommendation on the stock.
In a sector study, the broker recommends that investors focus on issues that favour shareholder returns in the run-up to FY 2025.
While it appreciates integrated utility groups and electricity grid operators, the broker considers renewable energies, power generators and gas suppliers to be riskier bets.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
In a sector study, the broker recommends that investors focus on issues that favour shareholder returns in the run-up to FY 2025.
While it appreciates integrated utility groups and electricity grid operators, the broker considers renewable energies, power generators and gas suppliers to be riskier bets.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.