Bouygues: Credit Suisse still a buyer after results
(CercleFinance.com) - On Monday, an analyst at Credit Suisse confirmed a buy ("Outperform") recommendation on the Bouygues share, after the group published its Q4 results.
"We see sustained strong earnings momentum in Telecoms/construction driving the stock," the broker says, which still notes that one of its main downside risks is renewed competition in the telecom sector.
Alongside this buy rating, the broker has a target price of 40 euros, meaning upside potential of about 18%.
Copyright (c) 2019 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.
"We see sustained strong earnings momentum in Telecoms/construction driving the stock," the broker says, which still notes that one of its main downside risks is renewed competition in the telecom sector.
Alongside this buy rating, the broker has a target price of 40 euros, meaning upside potential of about 18%.
Copyright (c) 2019 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.