Faurecia: Oddo raises target price.

(CercleFinance.com) - Oddo has inched up its price target on Faurecia this Wednesday morning (from 54 euros to 55 euros), maintaining its "buy" rating on the stock.


At its AGM, management reviewed the group's performance of 2016 and its transformation over recent years, with 2016 results ahead of targets," said the analyst who monitors the stock, who further adds that Q1 2017 results also show progress relative to 2018 targets.

"Having refocused on two main areas and three businesses, Faurecia is not short of growth drivers," says Oddo, referring to its dynamic nature in Asia - and particularly China - with access to new customers and markets in a context that is favourable for Faurecia, in addition to the soaring growth of electric and hybrid vehicles.


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