Gamesa: Société Générale no longer a buyer.
(CercleFinance.com) - Société Générale (SocGen) research has downgraded the Gamesa Corp.
Tecnologica share from “buy”. The recommendation on the share of the Spanish wind energy specialist is now “hold” as the target price goes down from 24 euros to 21.5 euros.
Gamesa does however remain a quality share. Thanks to its scale, financial soundness and technology it can match the Danish Vestas. Over the medium term, Siemens-Gamesa is the best-positioned group in its sector, states SocGen.
In the meantime they are “taking a breather as integration begins and uncertainty rises”, states a research note. Under these conditions, the share risks stagnating, all the more so because the large emerging markets such as India, where sales are slowing, are lacking in visibility.
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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.
Tecnologica share from “buy”. The recommendation on the share of the Spanish wind energy specialist is now “hold” as the target price goes down from 24 euros to 21.5 euros.
Gamesa does however remain a quality share. Thanks to its scale, financial soundness and technology it can match the Danish Vestas. Over the medium term, Siemens-Gamesa is the best-positioned group in its sector, states SocGen.
In the meantime they are “taking a breather as integration begins and uncertainty rises”, states a research note. Under these conditions, the share risks stagnating, all the more so because the large emerging markets such as India, where sales are slowing, are lacking in visibility.
Copyright (c) 2017 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.