Suez: Oddo reiterates rating after interim results

(CercleFinance.com) - Suez has reported H1 net income, group share of 212 million euros, up 135% (+14% excluding extraordinary items).


Following this publication, which is broadly in line with Oddo's expectations and management's comments on its conference call, Oddo maintains its Buy recommendation on the share, along with its target price of 15.60 euros.

At its conference call, management unveiled some qualitative details on Suez's 2030 plan, which it will unveil by 30 October 2019, Oddo notes, adding that the group has confirmed its guidelines for 2019.


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