Schneider Electric: Stifel a buyer before trading update

(CercleFinance.com) - Stifel reiterates its 'buy' recommendation on Schneider Electric shares, along with its target price of E254, ahead of the industrial group's Q3 2024 sales publication, scheduled for 30 October.


The broker anticipates 7.5% organic sales growth, in line with current consensus, with energy management expected to be the sole source of growth in this quarter.

Stifel has reduced its 2024-26 adjusted EBITA estimates by around 1.5%, expecting lower profitability in energy management, against the backdrop of capacity and mix launches, just in line with the current margin consensus for 2024.


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