Schneider: SG a buyer; maintains target price.
(CercleFinance.com) - After returning from a roadshow in Scandinavian countries with Schneider Electric's Director of Investor Relations, Société Générale (SG) has confirmed its buy rating on the stock.
The broker maintains its 12-month target at 85 euros.
From its contact with Amit Bhalla, who is in charge of investor relations at Schneider, SG first of all notes that the group is optimistic about its growth at the end of 2017, particularly in the Low Voltage and Industrial Automation segments... as well as in China.
In addition, Schneider is seeing signs of improvements in the end markets related to the oil and gas sector, even though the benefits should not be seen until 2018/2019, SG adds in its report. This reflects a solid basis in the run-up to 2018, analysts conclude.
Copyright (c) 2017 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 broker maintains its 12-month target at 85 euros.
From its contact with Amit Bhalla, who is in charge of investor relations at Schneider, SG first of all notes that the group is optimistic about its growth at the end of 2017, particularly in the Low Voltage and Industrial Automation segments... as well as in China.
In addition, Schneider is seeing signs of improvements in the end markets related to the oil and gas sector, even though the benefits should not be seen until 2018/2019, SG adds in its report. This reflects a solid basis in the run-up to 2018, analysts conclude.
Copyright (c) 2017 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.