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Schindler: Oddo BHF still a buyer

(CercleFinance.com) - Oddo BHF reiterates its "buy" rating on the Schindler stock, along with its target price of 257 Swiss francs, considering that the Swiss lift group as a clear strategy to win market share and improve the profitability of its products and services.


While 2019 will be a year of transition, the future positive effects of capex should be seen and investment costs should fall, the broker believes, expecting comparable operating margins of 11.5% in 2019, followed by 11.9% in 2020 and 12.2% in 2021.


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