Suez: Oddo confirms opinion after meeting
(CercleFinance.com) - After a roadshow in Frankfurt, when it met Suez's CFO, Oddo maintains its buy rating on the share, along with a target price of 15.
60 euros.
Beyond rebuilding confidence, which is already well on track, the broker its maintaining its rating on the stock, which still benefits from improvements in industrial activity in France and Europe, which should also stand out on 2019, as well as the prospects in the industrial water market, it says.
Regarding the economic environment, the CFO has confirmed that, at the beginning of 2019, the group did not experience a slowdown in the industrial waste segment. Jean-Marc Boursier confirmed the group's 2019 guidance, based on organic sales and EBIT growth of between 2% and 3% and 4% and 5%, respectively, Oddo notes.
The volume of waste is expected to increase by 1.5% (vs. 2.4% in 2018), including 0.9% from the factories of the Paris region, it adds.
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.
60 euros.
Beyond rebuilding confidence, which is already well on track, the broker its maintaining its rating on the stock, which still benefits from improvements in industrial activity in France and Europe, which should also stand out on 2019, as well as the prospects in the industrial water market, it says.
Regarding the economic environment, the CFO has confirmed that, at the beginning of 2019, the group did not experience a slowdown in the industrial waste segment. Jean-Marc Boursier confirmed the group's 2019 guidance, based on organic sales and EBIT growth of between 2% and 3% and 4% and 5%, respectively, Oddo notes.
The volume of waste is expected to increase by 1.5% (vs. 2.4% in 2018), including 0.9% from the factories of the Paris region, it adds.
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.