Mersen: Société Générale welcomes new forecasts.
(CercleFinance.com) - Societe Generale (SG) analysts have confirmed their buy rating on the Mersen share, after the French graphite specialist significantly increased its annual forecasts.
SG currently has a 12-month target price of 35 euros.
After the publication of its interim sales, Mersen raised its FY 2017 organic growth forecast range from 0-to-2% to 3-to-5%.
“The upward revision, which we consider realistic, emphasizes the repositioning of the group's two business portfolios and its operating leverage as a result of its recent reorganization plans, particularly its industrial revamp,” SG says in its research report.
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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.
SG currently has a 12-month target price of 35 euros.
After the publication of its interim sales, Mersen raised its FY 2017 organic growth forecast range from 0-to-2% to 3-to-5%.
“The upward revision, which we consider realistic, emphasizes the repositioning of the group's two business portfolios and its operating leverage as a result of its recent reorganization plans, particularly its industrial revamp,” SG says in its research report.
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.