Schneider Electric: Oddo adjusts target price
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Schneider Electric shares, having increased its corresponding target price from 147 euros to 149 euros (current price: 134 euros, +0.
7%), in comments in which it believes that China should play a major role in growth in the first quarter of 2021.
Also noting that growth remains strong in residential, data centre and discrete automation, the broker expects the group's business to post organic growth of 7.8% in the first quarter of 2021, above the consensus of 7.5%.
The group should confirm its 2021 targets and wait for the first half of the year to see whether it can raise them or not," the analyst adds, estimating that management could also announce (or at the AGM) that it is relaunching its share buyback program.
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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.
7%), in comments in which it believes that China should play a major role in growth in the first quarter of 2021.
Also noting that growth remains strong in residential, data centre and discrete automation, the broker expects the group's business to post organic growth of 7.8% in the first quarter of 2021, above the consensus of 7.5%.
The group should confirm its 2021 targets and wait for the first half of the year to see whether it can raise them or not," the analyst adds, estimating that management could also announce (or at the AGM) that it is relaunching its share buyback program.
Copyright (c) 2021 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.