Schneider Electric: boosted by an analyst's comments.
(CercleFinance.com) - The Schneider Electric stock is up 0.
8% today, following upbeat comments made by Credit Suisse, which has reiterated its "outperform" rating on the energy management and automation solutions stock, raising its corresponding target price from 73 euros to 78 euros.
“We continue to see an attractive investment case in Schneider based on key end-markets recovery, self-help and capital allocation track record,” the analyst said.
The broker's analysts have raised their target price to 78 euros in the wake of their estimate hike for the industrial group, "capturing the organic growth, margin improvement and an attractive acquisition into Low Voltage".
Copyright (c) 2017 CercleFinance.com. All rights reserved.
8% today, following upbeat comments made by Credit Suisse, which has reiterated its "outperform" rating on the energy management and automation solutions stock, raising its corresponding target price from 73 euros to 78 euros.
“We continue to see an attractive investment case in Schneider based on key end-markets recovery, self-help and capital allocation track record,” the analyst said.
The broker's analysts have raised their target price to 78 euros in the wake of their estimate hike for the industrial group, "capturing the organic growth, margin improvement and an attractive acquisition into Low Voltage".
Copyright (c) 2017 CercleFinance.com. All rights reserved.