Schneider Electric: Oddo confirms rating before sales.
(CercleFinance.com) - Oddo remains a buyer on the Schneider Electric stock before the group publishes its Q3 sales (before the market opens on 25 October).
The broker has also confirmed its target price of 81 euros.
The broker's analysts expect sound Q3 sales, particular boosted by markets that have picked up in Europe (including France) and China. Oddo said in its daily research report that it expects organic growth of 2.9% (vs. consensus of 2.8%), slightly better than in H1 (2.7%).
Its analysts expect FY 2017 targets to be confirmed, which it previously raised in July.
"Rebuilding the Systems business (Infrastructure division) is expected to improve the group's EBITA margin by at least 50bp. Combined with improving end markets, this strategic decision guarantees an improvement in the group's adjusted EBITA margin (+120bp over 2 years expected), Oddo explains.
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 has also confirmed its target price of 81 euros.
The broker's analysts expect sound Q3 sales, particular boosted by markets that have picked up in Europe (including France) and China. Oddo said in its daily research report that it expects organic growth of 2.9% (vs. consensus of 2.8%), slightly better than in H1 (2.7%).
Its analysts expect FY 2017 targets to be confirmed, which it previously raised in July.
"Rebuilding the Systems business (Infrastructure division) is expected to improve the group's EBITA margin by at least 50bp. Combined with improving end markets, this strategic decision guarantees an improvement in the group's adjusted EBITA margin (+120bp over 2 years expected), Oddo explains.
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.