Schneider Electric: Goldman Sachs raises its target price

(CercleFinance.com) - Goldman Sachs on Monday raised its price target for Schneider Electric from €176 to €184, while maintaining its 'sell' recommendation on the stock.


In a research note, the financial intermediary explains that it has adjusted its forecasts for the electrification specialist following its better-than-expected performance in energy management in the first half of the year.

The analyst nevertheless points out that his annual estimates for fiscal 2024 are slightly below consensus, as he is concerned about the health of the industrial automation sector in China and the global construction market in the second half of the year.

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