Legrand: Oddo BHF remains a buyer
(CercleFinance.com) - Anticipating a good second quarter, benefiting from a slightly more favourable working day effect (around 0.
5 day), an easier comparison basis and, of course, thanks to fairly buoyant economic conditions, an analyst at Oddo BHF this morning said that he is maintaining his “buy” rating on the Legrand stock, confirming his target price of 78 euros.
In particular, Oddo BHF expects the 2018 growth range will be adjusted upwards in Q3.
Its status as a “quality stock” remains, thanks to the group's ability to increase prices each year, along with controlled external growth, maintaining a high operating margin and finally, displaying one of the strongest levels of cash generation in its sector, the analyst said.
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.
5 day), an easier comparison basis and, of course, thanks to fairly buoyant economic conditions, an analyst at Oddo BHF this morning said that he is maintaining his “buy” rating on the Legrand stock, confirming his target price of 78 euros.
In particular, Oddo BHF expects the 2018 growth range will be adjusted upwards in Q3.
Its status as a “quality stock” remains, thanks to the group's ability to increase prices each year, along with controlled external growth, maintaining a high operating margin and finally, displaying one of the strongest levels of cash generation in its sector, the analyst said.
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.