Bouygues: Bank of America upgrades stock
(CercleFinance.com) - Bank of America has upgraded its rating on Bouygues to "buy," with a target price of 42 euros, pointing to "strong growth outlook post pandemic".
The broker cites "sector leading telco growth, construction recovery, strong FCF and balance sheet profile, exposure to infra/stimulus", as well as an "attractive valuation".
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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.
The broker cites "sector leading telco growth, construction recovery, strong FCF and balance sheet profile, exposure to infra/stimulus", as well as an "attractive valuation".
Copyright (c) 2020 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.