Faurecia: now a best pick for Invest Securities
(CercleFinance.com) - Parisian broker Invest Securities has decided to include the share of the automotive component supplier Faurecia, which is currently a subsidiary of Peugeot SA, in its list of best picks, which it calls its "IS Selection".
The broker maintains its buy rating and target price of 60 euros for the share.
This decision follows the announcement of the proposed merger between the French car maker Peugeot SA and its Italian counterpart, Fiat Chrysler Automobiles (FCA).
For the record, before the completion of the (merger) deal, Peugeot SA would distribute to its shareholders its 46% stake in Faurecia, both companies say.
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.