Orange: Credit Suisse still positive
(CercleFinance.com) - Credit Suisse has confirmed its buying advice ("outperform") rating on the Orange share, which yesterday suffered, following disappointing sales in France and Spain.
The broker maintains its target price at 16 euros (upside potential of about 12%).
Analysts acknowledge that no improvement in the trend in France over Q3 is indeed disappointing. However, this was expected, as it was by many other analysts. Note that recent price increases are expected to have their effects in Q4, they say. This is despite the deterioration in Spain remainiong a problem.
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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 broker maintains its target price at 16 euros (upside potential of about 12%).
Analysts acknowledge that no improvement in the trend in France over Q3 is indeed disappointing. However, this was expected, as it was by many other analysts. Note that recent price increases are expected to have their effects in Q4, they say. This is despite the deterioration in Spain remainiong a problem.
Copyright (c) 2019 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.