Schneider Electric: UBS upgrades share
(CercleFinance.com) - UBS has upgraded its recommendation on the Schneider Electric share from "neutral" to "buy" and has its raised its corresponding target price from 66 euros to 79 euros, which suggests upside potential of 17% the equipment manufacturer for energy management.
The broker explains that it is adopting a more constructive view on the secure energy business, believing that the wind is turning in its favour and considers that the potential for growth and expansion in the group's margins is not priced in.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.