Schneider Electric: Oddo confirms outperform rating
(CercleFinance.com) - Oddo confirms its outperform rating on Schneider Electric shares, maintaining its target price at 156 euros.
The head of Schneider Electric, Jean-Pascal Tricoire, believes that the potential acquisition of Aveva would offer the group the opportunity to accelerate its growth, Oddo notes, for which difficulties in sourcing electronic components will constrain the group's activity.
Nevertheless, Mr Tricoire believes that all customers have two issues on their agenda today: digitalisation and sustainable development, which will rely on electrification.
Oddo says that the current crisis should lead to a reorientation of customers' investments to meet these needs. For the analyst, Schneider is at the centre of these changes and its underlying market should grow at a rate twice as high as in the past (4% compared to 2%). The group's positioning on electrification and energy efficiency issues is one of the most attractive in the sector, it adds.
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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 head of Schneider Electric, Jean-Pascal Tricoire, believes that the potential acquisition of Aveva would offer the group the opportunity to accelerate its growth, Oddo notes, for which difficulties in sourcing electronic components will constrain the group's activity.
Nevertheless, Mr Tricoire believes that all customers have two issues on their agenda today: digitalisation and sustainable development, which will rely on electrification.
Oddo says that the current crisis should lead to a reorientation of customers' investments to meet these needs. For the analyst, Schneider is at the centre of these changes and its underlying market should grow at a rate twice as high as in the past (4% compared to 2%). The group's positioning on electrification and energy efficiency issues is one of the most attractive in the sector, it adds.
Copyright (c) 2022 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.