Schneider: analyst's earnings forecast

(CercleFinance.com) - Stifel announces its forecasts ahead of the industrial group's third-quarter 2024 sales publication, scheduled for October 30.


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

Stifel reduces its adjusted EBITA estimates for 2024-26 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.

Stifel reiterates its 'buy' recommendation and price target of 254 euros on Schneider Electric.

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