Veolia: Berenberg raises target price
(CercleFinance.com) - Berenberg raised its target price for Veolia Environnement from 30 euros to 35 euros on Tuesday, maintaining a buy rating on the stock.
In its comments, the German broker says it expects the environmental services group to begin a "new chapter" in its "remarkable transformation" over the past few years with the acquisition of Suez, which should be completed by the end of the year.
Since 2012, the group has managed to pull itself out of the abyss by taking charge of itself thanks to the implementation of an extremely effective plan, it said.
While it awaits with interest this "third round" of the French group's rebirth, Berenberg is also hoping for more details about the planned disposals and measures to reduce costs and boost growth.
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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 German broker says it expects the environmental services group to begin a "new chapter" in its "remarkable transformation" over the past few years with the acquisition of Suez, which should be completed by the end of the year.
Since 2012, the group has managed to pull itself out of the abyss by taking charge of itself thanks to the implementation of an extremely effective plan, it said.
While it awaits with interest this "third round" of the French group's rebirth, Berenberg is also hoping for more details about the planned disposals and measures to reduce costs and boost growth.
Copyright (c) 2021 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.