Veolia: HSBC lowers target price

(CercleFinance.com) - HSBC announced on Tuesday that it had lowered its price target for Veolia from E38 to E37, while renewing its buy recommendation on the stock.


In a sector study, the broker recommends that investors focus on issues that favour shareholder returns in the run-up to FY 2025.

While it appreciates integrated utility groups and electricity grid operators, the broker considers renewable energies, power generators and gas suppliers to be riskier bets.


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