Rexel: UBS cuts target, but still a buyer

(CercleFinance.com) - UBS reinstates its "buy" recommendation on electrical equipment distribution group Rexel, despite cutting its target price for the share from 18 euros to 13.
4 euros, as this still suggests upside potential of 27%.

In the summary of its research note, the financial intermediary highlights "slowing but steady organic growth" and "potential for margin expansion" as well as an "attractive valuation".


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