Assa Abloy: UBS reiterates buy recommendation
(CercleFinance.com) - The analyst expects the next quarter to be a solid one.
It confirms its buy recommendation on the stock, leaving its target price unchanged at SEK 360.
Based on our recent audits of distribution networks and review of data, we expect organic growth of around 1% and a margin of 16.3% for the fourth quarter, UBS says.
While we clearly have scope for further improvement in the underlying performance of all divisions, we will pursue our acquisition strategy and continue to invest in innovation. Consequently, our target operating margin of 16% to 17% remains unchanged, said Nico Delvaux, Chairman and CEO, on the publication of Q3 results.
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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.
It confirms its buy recommendation on the stock, leaving its target price unchanged at SEK 360.
Based on our recent audits of distribution networks and review of data, we expect organic growth of around 1% and a margin of 16.3% for the fourth quarter, UBS says.
While we clearly have scope for further improvement in the underlying performance of all divisions, we will pursue our acquisition strategy and continue to invest in innovation. Consequently, our target operating margin of 16% to 17% remains unchanged, said Nico Delvaux, Chairman and CEO, on the publication of Q3 results.
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.