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Faurecia: share boosted by broker like

( - Faurecia shares are taking off in Paris on Monday, following upbeat comments from JPMorgan on the automotive equipment manufacturer, which the broker has placed in its top four sector picks.

Shortly before 4pm, the stock was up 3.8%, steaming ahead in the SBF 120 index.

In a sector report, JPMorgan believes that the shares of European automotive groups still have potential for appreciation despite the uncertainties surrounding the sector.

In this context, the broker says it prefers Faurecia, Vitesco, Stabilus and Schaeffler shares due to their sound price control and promising earnings potential.

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