Schneider Electric: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Schneider Electric shares, with a target price raised from E260 to E270, implying 12% upside potential, the day after the energy management and industrial automation specialist's trading update.


Schneider's thematic growth exposures are generating another solid publication and a slight increase in earnings expectations, the broker points out, highlighting a quality combination status in sight for the group.


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