Accueil > Actualité
Actualite financiere : Actualite bourse

Valeo: BofA upgrades stock

(CercleFinance.com) - On Thursday, Bank of America upgraded on Valeo shares from 'neutral' to 'buy', with a target price raised from E12 to E14, believing that the automotive supplier was successfully turning its business around.


The company's financial performance is aligning with its commercial successes, and the quality of its results is at an 'inflection point, it says.

The analyst believes that cost-cutting measures, reduced R&D spending and better contract negotiation should also lead to margin appreciation between now and 2025.

BofA also points out that the stock is currently trading 30% below its historical valuation levels.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.