Seb : UBS raises target price

(CercleFinance.com) - UBS believes that 2024 was a solid year, despite weakness in China and high comparisons in the professional sector.


The analyst confirms his buy recommendation on the stock, raising his target price to E139 (from E135), which represents 63% upside potential.

FY 2024 results are in line. We continue to believe that the company will benefit from long-term structural growth and its innovation pipeline, and that it will improve its margins, the broker says.

The Seb Group anticipates another year of organic sales growth, accompanied by a further increase in EBITDA.


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