Solvay: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse has increased target price for the Solvay share to 110 euros (from 104 euros) and has confirmed its Outperform rating on the stock.


"Its increased focus towards Solvay One ESG commitments suggests further portfolio action may also be on the horizon (eg: oil and gas chemistry) over the medium term," the analyst says.

Credit Suisse believes that this approach will enable the group to accelerate its debt reduction, coupled with a gradual improvement in its portfolio composition.


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