Veolia: Bryan Garnier positive after Bordeaux contract
(CercleFinance.com) - Bryan, Garnier & Co.
has confirmed its buy rating on Veolia this morning, based on reports that the utilities group could take over Bordeaux's wastewater treatment contract from Suez. The broker maintains its target price of 22.5 euros for the share.
This morning, the metropolis of Bordeaux said that Veolia is “likely to be awarded the wastewater contract of Bordeaux in France for the 2019-2025 period” (this has historically been operated by Suez).
However, the broker's report acknowledges that even if Suez were to lose the contract to Veolia, it would only have a limited impact both companies' EPS estimates.
Copyright (c) 2018 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.
has confirmed its buy rating on Veolia this morning, based on reports that the utilities group could take over Bordeaux's wastewater treatment contract from Suez. The broker maintains its target price of 22.5 euros for the share.
This morning, the metropolis of Bordeaux said that Veolia is “likely to be awarded the wastewater contract of Bordeaux in France for the 2019-2025 period” (this has historically been operated by Suez).
However, the broker's report acknowledges that even if Suez were to lose the contract to Veolia, it would only have a limited impact both companies' EPS estimates.
Copyright (c) 2018 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.