Assa Abloy: Oddo says recent correction offers opportunities
(CercleFinance.com) - Broker Oddo believes that the recent correction of the Swedish lock and door maker Assa Abloy share price offers buy opportunities for investors.
Analysts say that they have calculated a COVID-19 impact of -5% on the group's Q1 EBIT.
Above all, they estimate that: i/ organic growth momentum will continue to outperform the sector, ii/ the group's acquisition model is intact and iii/ the impact on the EBIT margin, which remains above 15.5%, should not be overestimated.
Analysts confirm their buy rating on the share, with a target price of 249 Swedish kronor (13% upside).
Copyright (c) 2020 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.
Analysts say that they have calculated a COVID-19 impact of -5% on the group's Q1 EBIT.
Above all, they estimate that: i/ organic growth momentum will continue to outperform the sector, ii/ the group's acquisition model is intact and iii/ the impact on the EBIT margin, which remains above 15.5%, should not be overestimated.
Analysts confirm their buy rating on the share, with a target price of 249 Swedish kronor (13% upside).
Copyright (c) 2020 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.