Schneider Electric: Oddo confirms rating before interims.
(CercleFinance.com) - Oddo maintains its neutral rating on the stock, with a target price of 69 euros.
Analysts believe that the momentum should not be particularly buoyant up until the group publishes its interim results (on 27 July).
Moreover, they remain convinced by the strategy the group has followed over the last two years (efforts on costs, refocusing of portfolio).
Analysts expect 0.9% organic growth in Q2. They believe that momentum in emerging countries (organic growth of +6%) is expected to continue, as it will in North America.
Oddo adds that the negative effect of the rise in raw material prices (-100 million euros estimated in H1) should not be fully offset in H1 - the broker thus expects adjusted EBITA of 1,661 million euros in H1, i.e. a margin of 13.6%, up 30 bp.
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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.
Analysts believe that the momentum should not be particularly buoyant up until the group publishes its interim results (on 27 July).
Moreover, they remain convinced by the strategy the group has followed over the last two years (efforts on costs, refocusing of portfolio).
Analysts expect 0.9% organic growth in Q2. They believe that momentum in emerging countries (organic growth of +6%) is expected to continue, as it will in North America.
Oddo adds that the negative effect of the rise in raw material prices (-100 million euros estimated in H1) should not be fully offset in H1 - the broker thus expects adjusted EBITA of 1,661 million euros in H1, i.e. a margin of 13.6%, up 30 bp.
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.