Schneider Electric: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF confirms its "outperform" rating on Schneider Electric shares, having increased its target price for them from E179 to E186, after a H1 publication considered "solid", and a slightly increased guidance for 2023.
Considering that the company's 2023 guidance implies very solid volumes in H2, the broker has nudged up its 2023 EPS and forecasts organic sales growth of 12.1% this year, as well as an adjusted EBITA margin of 17.9%.
Schneider Electric should continue to benefit from its excellent positioning on the electrification and energy efficiency themes that will boost volumes in 2023 and over the medium term, the analyst says.
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