Suez: enters into Bryan Garnier's 'top picks list'.
(CercleFinance.com) - In a report on the Utilities sector, broker Bryan Garnier has integrated Suez into its reiterates its “Q3 2017 top picks list,” reiterating its "buy" rating, raising its fair value from 17.
5 euros to 18 euros.
"We still believe that Suez would be best exposed to a clear macroeconomic recovery in Europe, the company having a higher exposure to waste activities and Europe than Veolia," said the broker.
For the third quarter, the broker expects Suez to report on the integration of GE Waters, giving more details on the recently acquired company, and more clarity on its annual targets for 2017.
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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.
5 euros to 18 euros.
"We still believe that Suez would be best exposed to a clear macroeconomic recovery in Europe, the company having a higher exposure to waste activities and Europe than Veolia," said the broker.
For the third quarter, the broker expects Suez to report on the integration of GE Waters, giving more details on the recently acquired company, and more clarity on its annual targets for 2017.
Copyright (c) 2017 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.