Schneider Electric: Goldman Sachs raises TP

(CercleFinance.com) - On Monday Goldman Sachs raised its target price for Schneider Electric shares from E176 to E184, while maintaining its "sell" recommendation on the stock.


In a research note, the broker explains that it has adjusted its forecasts for the electrification specialist following its better-than-expected performance in energy management in H1.

The analyst nevertheless points out that his annual estimates for 2024 are slightly below the consensus, as he is concerned about the health of the industrial automation sector in China and the global construction market in H2.


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