Suez: boosted by a broker's upgrade.
(CercleFinance.com) - Suez is up 2.
3% today, outperforming the market in Paris, boosted by broker Jefferies upgrading its “hold' rating on the stock to "buy," coupled with a raised target price of 19 euros (vs. 15.5 euros), with the broker expecting favourable times ahead.
The broker has pointed out better-than-expected earnings in the newly acquired GE Waters business, increased confidence in macroeconomic conditions in France and potential mergers and acquisitions.
Jefferies also highlights, as factors that distinguish the group from its sector, average annual EPS growth of about 20% over 2016-19, 10% growth in its dividend per share and double-digit free cash flow.
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.
3% today, outperforming the market in Paris, boosted by broker Jefferies upgrading its “hold' rating on the stock to "buy," coupled with a raised target price of 19 euros (vs. 15.5 euros), with the broker expecting favourable times ahead.
The broker has pointed out better-than-expected earnings in the newly acquired GE Waters business, increased confidence in macroeconomic conditions in France and potential mergers and acquisitions.
Jefferies also highlights, as factors that distinguish the group from its sector, average annual EPS growth of about 20% over 2016-19, 10% growth in its dividend per share and double-digit free cash flow.
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.