Faurecia: Bryan Garnier still a buyer.
(CercleFinance.com) - Bryan Garnier has confirmed its "buy" rating on the Faurecia stock, while placing its target price, under review, following the automotive component supplier's publication of its Q3 sales.
The broker mentions a strong performance, with a 10.7% jump in value-added sales in organic terms, reflecting an 870-basis point outperformance relative to the market. It also welcomes the acceleration of growth compared to H1, along with the group's renewal of its annual targets.
Beyond the share's lack of upside potential, Bryan Garnier remains positive towards it. In the near term, the broker still considers that the stock will benefit from positive catalysts due to new outperformance compared to the market - both in Q4 2017 and Q1 2018.
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.
The broker mentions a strong performance, with a 10.7% jump in value-added sales in organic terms, reflecting an 870-basis point outperformance relative to the market. It also welcomes the acceleration of growth compared to H1, along with the group's renewal of its annual targets.
Beyond the share's lack of upside potential, Bryan Garnier remains positive towards it. In the near term, the broker still considers that the stock will benefit from positive catalysts due to new outperformance compared to the market - both in Q4 2017 and Q1 2018.
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.