Schneider Electric: Oddo BHF still a buyer
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Schneider Electric shares, also sticking to its target price of E186.
The analyst expects organic sales growth of 10.7%, slightly above the consensus (10.4%) in Q3. The broker says that demand remains sustained overall, and it expects a 7% rise in volumes in Q3, while price increases will become less pronounced.
Oddo BHF adds that Q3 should enable the group to confirm these targets, with organic growth of 13.6% expected over nine months.
The analyst says that the group should continue to benefit from its excellent positioning in electrification and energy efficiency, which will underpin volumes in 2023 and over the medium term.
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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 analyst expects organic sales growth of 10.7%, slightly above the consensus (10.4%) in Q3. The broker says that demand remains sustained overall, and it expects a 7% rise in volumes in Q3, while price increases will become less pronounced.
Oddo BHF adds that Q3 should enable the group to confirm these targets, with organic growth of 13.6% expected over nine months.
The analyst says that the group should continue to benefit from its excellent positioning in electrification and energy efficiency, which will underpin volumes in 2023 and over the medium term.
Copyright (c) 2023 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.