Veolia: Oddo BHF still a buyer
(CercleFinance.com) - Oddo BHF has confirmed its buy rating on the share of utilities group Veolia, along with its target price of 30 euros (31% upside potential).
Back from a Roadshow in Geneva, analysts note a speech that it deemed confident, even beyond 2019. Although the group will not unveil its 2020/2023 strategy until 27 February 2020 , analysts remain convinced that the repositioning of the investment thesis towards profitable growth and no longer just on restructuring and cost savings should enable the stock to continue its revaluation, for which its upside potential remains intact, they note.
Copyright (c) 2019 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.
Back from a Roadshow in Geneva, analysts note a speech that it deemed confident, even beyond 2019. Although the group will not unveil its 2020/2023 strategy until 27 February 2020 , analysts remain convinced that the repositioning of the investment thesis towards profitable growth and no longer just on restructuring and cost savings should enable the stock to continue its revaluation, for which its upside potential remains intact, they note.
Copyright (c) 2019 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.