Schneider Electric: Oddo BHF still a buyer
(CercleFinance.com) - On Thursday morning an Oddo BHF analyst confirmed a "buy" rating on the Schneider stock, even though he believes that the group should not stand out in H1.
In recent years Schneider has often explained that it has significantly reduced its cyclicality. Unfortunately, it is not in this crisis that it will be able to demonstrate this, since it is expected to be just as badly hit by lockdowns as most of its peers, with any differences relating to its geographic exposure. However, in this area, the group has several good cards to play (with 14% of its sales in China, 6% in Germany, etc.), although it also has some that are less so as well (17% of sales in countries under strict lockdowns in Europe, 5% in India, etc.), the broker says.
Oddo BHF therefore confirms its target price of 110 euros for the share (15% upside potential).
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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.
In recent years Schneider has often explained that it has significantly reduced its cyclicality. Unfortunately, it is not in this crisis that it will be able to demonstrate this, since it is expected to be just as badly hit by lockdowns as most of its peers, with any differences relating to its geographic exposure. However, in this area, the group has several good cards to play (with 14% of its sales in China, 6% in Germany, etc.), although it also has some that are less so as well (17% of sales in countries under strict lockdowns in Europe, 5% in India, etc.), the broker says.
Oddo BHF therefore confirms its target price of 110 euros for the share (15% upside potential).
Copyright (c) 2020 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.