Legrand: RBC still a seller

(CercleFinance.com) - On Thursday, RBC maintained its 'underperform' rating on Legrand shares, with a target price of E87.


The Canadian broker acknowledges that the electrical equipment manufacturer posted 'impressive' earnings growth in Q3, but points out that this performance was more than offset by the current weakness in its more traditional construction markets.

Expecting this momentum to continue in H1 2025, the broker has trimmed (by under 1%) its earnings forecasts for the group.


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