Schneider Electric: Deutsche Bank upgrades stock
(CercleFinance.com) - On Wednesday Deutsche Bank upgraded its Schneider Electric shares from "hold" to "buy", while maintaining its target price at 145 euros.
In its comments, the broker emphasizes that the company offers one of the most attractive profiles in its sector due to its business portfolio that skillfully mixes electrification, automation and software.
In the current energy crisis, the group seems ideally placed to ride the waves of energy efficiency and digitalisation, it adds.
While acknowledging that Schneider is not completely immune to the threat of a recession, the broker believes that its low exposure to Europe, excellent supply chain and strong cash flow should limit the impact.
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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.
In its comments, the broker emphasizes that the company offers one of the most attractive profiles in its sector due to its business portfolio that skillfully mixes electrification, automation and software.
In the current energy crisis, the group seems ideally placed to ride the waves of energy efficiency and digitalisation, it adds.
While acknowledging that Schneider is not completely immune to the threat of a recession, the broker believes that its low exposure to Europe, excellent supply chain and strong cash flow should limit the impact.
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.