Schindler: Oddo BHF still a buyer after H1 results

(CercleFinance.com) - Oddo BHF reiterates its "buy" rasting on the Schindler stock, while shaving its target price from 257 Swiss francs to 256 Swiss francs, after a correct second quarter, albeit with the group's 2019 targets that should lead to a reduction in the consensus, the analyst says.


The group intends to make growth its number one priority (ahead of its margin) and ongoing investments are a clear illustration of this, the broker says, which expects the group's EBIT margin to improve gradually as from 2020.

Oddo BHF continues, saying that the share also seems attractive, thanks to its profile, in the current economic context (strong cyclical resilience, solid balance sheet), despite the Swiss lift maker trimming its EPS estimates by about 1%.


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