Schneider Electric: supported by broker's comments

(CercleFinance.com) - Schneider Electric gains 2% and outperforms the trend in Paris, buoyed by favorable comments from UBS, which maintains its 'buy' rating and raises its target price for the energy management and automation specialist from ?207 to ?250.


In the summary of its note, the broker highlights 'a double-digit average annual EPS growth rate, underpinned by secular growth drivers and margin expansion', and believes that 'margin targets for 2024 look cautious'.

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