Legrand: Société Générale raises target to 73 euros.
(CercleFinance.com) - Welcoming Legrand's announcement of its major acquisition yesterday, Société Générale (SG) has raised its 12-month target price on the Legrand share from 70 euros to 73 euros.
Analysts mention strong value creation related to the acquisition of Milestone, and therefore maintain their buy rating on the share.
Yesterday, the specialist in low voltage electrical equipment concluded the acquisition of American Milestone AV Technologies for 950 million dollars.
"Milestone supplies AV infrastructure and is the largest target ever acquired by Legrand. We see the company as a business with attractive fundamentals, similar in many ways to Legrand's core businesses in electrical infrastructure," the research report highlights.
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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.
Analysts mention strong value creation related to the acquisition of Milestone, and therefore maintain their buy rating on the share.
Yesterday, the specialist in low voltage electrical equipment concluded the acquisition of American Milestone AV Technologies for 950 million dollars.
"Milestone supplies AV infrastructure and is the largest target ever acquired by Legrand. We see the company as a business with attractive fundamentals, similar in many ways to Legrand's core businesses in electrical infrastructure," the research report highlights.
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.